USA National Debt Tracker

[Fantine]

It does not get better until we the people hold our elected leaders accountable. What we really need is a coalition of those of us on both sides of the fence who see the debt as a priority. We need to put aside our differences in other areas and hold our own side to reduction. Otherwise I see no real path to getting this fixed.

When Europe had its debt crisis, beginning with Greece, they enacted austerity--and it failed spectacularly.

Austerity: The world's mistake in their recovery from 2008

By Michael HuangDebt has always been a concept that we have been taught to stay away from, and the idea of owing others money is certainly not an idea that we are fond of. Governments have the same problem – debt is a part of almost all economies around the world. But a government borrows...

www.theperceiver.org

Austerity is a measure that cuts government spending and increases taxes in attempt to reduce a government’s budget deficit, where the budget deficit is the amount of government spending that exceeds its income (usually through taxes). However, austerity often comes in the form of cutting government spending rather than raising taxes because raising taxes can cause more complications and controversy. During the 2008 Financial Crisis, governments around the world borrowed lots for various stimulus packages to help the population as they have suffered a massive economic shock. A way to think of this is that since the crisis has caused unemployment to soar, people will consume less because they have less income, as well as because they have less confidence. This will hurt the economy, and hence the government will have to spend more to make up the loss of consumption by individuals and firms in hopes of economic recovery and to encourage people to spend again. However, in doing so, especially in such a large scale like what happened in 2008, the government builds up huge debt.

Musk is obviously a brilliant man, but he is no student of history. If he was, he would realize that "insanity is doing the same thing over and over, expecting different results."

 

[Canuckster]

Most of us think no. Taxation is simply one of the components of what it means to live within a larger civilized society.

The issue of ethical taxation involves something more substantial than "I don't want to pay my taxes, but still benefit from living with other human beings."

Perhaps you believe we should eliminate everything from the public sector and everything should be privatized.

Personally I'm not interested in being a serf in a feudal society.

-CryptoLutheran

There are many creative ways the USA, the greatest and most powerful nation on the planet, with zero national debt, being the #1 customer in the world, issuer of real debt-free US currency (not the fake private monopoly money currently being used) that’s accepted at face value all over the world, can generate revenue without enslaving its own citizens. You're just a fellow slave born in captivity with the rest of us who is unable to comprehend that because the best slaves are the ones who believe they're free.

 

[Say it aint so]

When Europe had its debt crisis, beginning with Greece, they enacted austerity--and it failed spectacularly.

Austerity: The world's mistake in their recovery from 2008

By Michael HuangDebt has always been a concept that we have been taught to stay away from, and the idea of owing others money is certainly not an idea that we are fond of. Governments have the same problem – debt is a part of almost all economies around the world. But a government borrows...

www.theperceiver.org

Musk is obviously a brilliant man, but he is no student of history. If he was, he would realize that "insanity is doing the same thing over and over, expecting different results."

A phenomenal engineer, but politically a right wing reactionary who says things without, from what I see, any full consideration of what he's speaking on. And if you speak up in not liking what he says on "X" the self proclaimed freedom of speech adherent will ban you. Go figure.

 

[Hazelelponi]

National Debt Tracker: American taxpayers (you) are now on the hook for $36,213,590,712,228.65 as of 4/17/25

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

www.foxbusiness.com

National Debt Tracker: American taxpayers (you) are now on the hook for $36,167,604,149,955.61 as of 12/19/24

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.

The national debt — which measures what the U.S. owes its creditors — fell to $36,167,604,149,955.61 as of December 19th, according to the latest numbers published by the Treasury Department. That is down about $21.7 billion from the figure reported the previous day.

By comparison, just four decades ago, the national debt hovered around $907 billion.

The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the White House. Interest payments on the debt for the government's fiscal year, which begins in October, now exceed the costs of Medicare and the defense budget.

The latest findings from the Congressional Budget Office indicate that the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and fishing federal health care costs. Higher interest rates are also compounding the pain of higher debt.

Should that debt materialize, it could risk America's economic standing in the world.

"America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation," said Michael Peterson, the CEO of the Peter G. Peterson Foundation that advocates for reducing the federal deficit. "This is not the future any of us want, and it’s no way to run a great nation like ours."

Have fun getting blood out of a turnip... Lol.

It's scary high ..

 

[Fantine]

Taxation isn't "slavery." It's the cost of living in a highly-developed civilization that provides you with the environment you need to succeed-a healthy middle-class consumer base, an educated workforce, sufficient infrastructure, etc.

 

[Arcangl86]

There are many creative ways the USA, the greatest and most powerful nation on the planet, with zero national debt, being the #1 customer in the world, issuer of real debt-free US currency (not the fake private monopoly money currently being used) that’s accepted at face value all over the world, can generate revenue without enslaving its own citizens. You're just a fellow slave born in captivity with the rest of us who is unable to comprehend that because the best slaves are the ones who believe they're free.

What, in your conception, is the difference between "real" and "fake" money?

 

[Say it aint so]

It's pretty bananas, right? I honestly thought I was going to get a better argument.

-CryptoLutheran

'I'll take "what a sovereign citizen might say" for $100 Alex.

 

[Canuckster]

What, in your conception, is the difference between "real" and "fake" money?

So you consider a privately owned Federal Reserve note a "real" US dollar. Would you consider a privately owned Canuckster note a "real" US dollar?

 

[Canuckster]

Taxation isn't "slavery." It's the cost of living in a highly-developed civilization that provides you with the environment you need to succeed-a healthy middle-class consumer base, an educated workforce, sufficient infrastructure, etc.

Tax on labor is slavery. And I already mentioned how to have more than a healthy middle class, a healthy lower class as well... as a result of suddenly not being $37 trillion in debt paying $1 trillion a year in interest charges in fake privately owned money disguised as real US dollars.

 

[Arcangl86]

So you consider a privately owned Federal Reserve note a "real" US dollar.

1) You keep using the term "privately owned" which tells me you don't understand how the Federal Reserve or Federal Reserve Notes works. While the twelve banks are all private, the system itself is governed by a government agency. The Fed Board is made up entirely of senate confirmed presidential appointees, and they are the ones who set general policy as well as direct the creation of currency. And the notes and coins themselves are created by various agencies of the Treasury department.

Would you consider a privately owned Canuckster note a "real" US dollar?

Sure, once you get Congress giving you the authority to do so and get appointed to that position by the President.

But once again, what is teh difference between "real" and "fake" money to you?

 

[Canuckster]

1) You keep using the term "privately owned" which tells me you don't understand how the Federal Reserve or Federal Reserve Notes works. While the twelve banks are all private, the system itself is governed by a government agency. The Fed Board is made up entirely of senate confirmed presidential appointees, and they are the ones who set general policy as well as direct the creation of currency. And the notes and coins themselves are created by various agencies of the Treasury department.

Sure, once you get Congress giving you the authority to do so and get appointed to that position by the President.

But once again, what is teh difference between "real" and "fake" money to you?

The Federal Reserve is a private bank owned by private shareholders, it's not owned by the Fed Board of presidential appointees. And just because congress uses their authority to force the American people to go into debt to private lenders using their private notes does not make it right nor does it make the notes real US dollars... anymore than it would be right for congress to force the American people to go into debt to me using private Canuckster notes and deeming them real US dollars.

 

[Canuckster]

Amazing… to see people up here speaking on behalf of the trillionaire owners of the private Federal Reserve... defending taxes and continued debt, doing it all in their spare time, free of charge and out of the goodness of their hearts. I’ve never met such souls in real life.

 

[Fantine]

Nevertheless, taking outrageous steps to reduce the deficit will fail, because the resultant recession will lower revenues and leave us with a higher deficit.
Balance is needed. Increase revenue (taxes) and lower expenses--without leaving the poorest among us desolate and desperate.
Reoublicans have played a game called "Starve the beast." They lower taxes for the wealthy and wring their hands, saying, "Oh, no! We can't control the deficit unless we (for example) end Head Start." Hypocritical! They create the problem and spin the wheel to see who loses their lifelines.
It must be done with the utmost care and delicacy or there will be a financial nightmare.

 

[ViaCrucis]

There are many creative ways the USA, the greatest and most powerful nation on the planet, with zero national debt, being the #1 customer in the world, issuer of real debt-free US currency (not the fake private monopoly money currently being used) that’s accepted at face value all over the world, can generate revenue without enslaving its own citizens. You're just a fellow slave born in captivity with the rest of us who is unable to comprehend that because the best slaves are the ones who believe they're free.

Alright, let's pretend income tax disappears overnight.

Explain, in as much detail as possible, how I become more free and how my life improves.

-CryptoLUtheran

 

[Canuckster]

Alright, let's pretend income tax disappears overnight.

Explain, in as much detail as possible, how I become more free and how my life improves.

-CryptoLUtheran

You don't need me or anybody else to tell you what more money in your pocket will do for you. Only you can explain that for yourself.

 

[Fantine]

You don't need me or anybody else to tell you what more money in your pocket will do for you. Only you can explain that for yourself.

As a septugenarian, most of our marital income comes from Social Security and Veterans benefits, so exactly how would reducing or ending these programs put "more money in my pocket?" There are tens of millions of others--who have put our money into this system

 

[Canuckster]

As a septugenarian, most of our marital income comes from Social Security and Veterans benefits, so exactly how would reducing or ending these programs put "more money in my pocket?" There are tens of millions of others--who have put our money into this system

There will be no reducing or ending these programs. Getting rid of the income tax can only take place when better sources of revenue are fully implemented. I’ve already explained how abolishing the Fed and canceling the trillions in odious debt held in Federal Reserve notes will enable America to replace the international banking cartel, who used to own the Fed, as the world’s biggest bankers/lenders of real US dollars to other nations. This will generate massive amounts of interest revenue previously enjoyed by our globalists’ banker captors. And because the US is the world’s #1 customer, nations will want to sell their products to them and pay the tariffs, which will bring in another tremendous source of revenue. All this will far surpass what was brought in through the income tax. And America’s domestic economy, no longer burdened by an income tax, will explode to a level of prosperity never before achieved as household income rises and household debt crashes. There will be even more govt money for Social Security and Veterans benefits and other programs to take care of our most vulnerable. But not only money coming from govt but from a booming private sector donating to churches and charities.

 

[Nithavela]

There will be no reducing or ending these programs. Getting rid of the income tax can only take place when better sources of revenue are fully implemented. I’ve already explained how abolishing the Fed and canceling the trillions in odious debt held in Federal Reserve notes will enable America to replace the international banking cartel, who used to own the Fed, as the world’s biggest bankers/lenders of real US dollars to other nations. This will generate massive amounts of interest revenue previously enjoyed by our globalists’ banker captors. And because the US is the world’s #1 customer, nations will want to sell their products to them and pay the tariffs, which will bring in another tremendous source of revenue. All this will far surpass what was brought in through the income tax. And America’s domestic economy, no longer burdened by an income tax, will explode to a level of prosperity never before achieved as household income rises and household debt crashes. There will be even more govt money for Social Security and Veterans benefits and other programs to take care of our most vulnerable. But not only money coming from govt but from a booming private sector donating to churches and charities.

You evidently understand nothing about everything finance-related, which is why you think you know it all and reject any outside knowledge.

 

[RocksInMyHead]

You evidently understand nothing about everything finance-related, which is why you think you know it all and reject any outside knowledge.

Classic Dunning-Kruger.

 

[ViaCrucis]

You don't need me or anybody else to tell you what more money in your pocket will do for you. Only you can explain that for yourself.

In other words, you can't explain how I'd be more free if there was no income tax.

Cool.

-CryptoLutheran