Mnuchin was talking this week about the debt ceiling. Much ado about nothing. Don’t worry! All’s well. Sure! All’s well! We’ll just raise the debt ceiling again.
Year 2000- $1.789 trillion
Year 2008- $2.982 trillion
Year 2016- $3.951 trillion
Year 2021 estimate- $5.124 trillion…yup, headed for $5.124 trillion
Total federal debt outstanding
Year 2000- $5,674,178,209,886.86…yes, we included the cents and yes, $5.674 trillion.
Year 2008- $10,024,724,896,912.49
Year 2015- $18,150,617,666,484.33
Today- $19,856,005,698,102.74 and moving quickly
2021 estimate- $23,574 trillion
2026 estimate- $29,314 trillion
So, who are they trying to kid? Republican, democrat, the media…just who are they trying to kid? Keep in mind, the forward numbers factor in growth stronger than what we have seen and interest rates staying low because of the rigging and manipulating of such rates. Do these people really think that the day of reckoning is not ahead? But in our scrambled brains, it gets worse!
$432,649,652,901.12. Guess! Guess what this number is. It is only $432 billion. It is how much you and I, the taxpayer spent last year ON INTEREST on the debt THEY CREATED! $432 BILLION DOWN THE TOILET…TO NOTHING, buying nothing, investing in nothing, creating nothing…yet people are worried about safe spaces. These same politicians who keep saying they do not have enough, that we need to spend more, we need to tax more, we need infrastructure, need free healthcare, need free education…look at what these people have done. They have created a never-ending and impossible-to-end debt cycle in where tons of our hard earned money go toward a black hole, into the toilet of interest on the debt THEY CREATED. But they still want our votes. They still tells us they are there for us. But just to piss you off more. This number is just for one year. Since just 2010 (we can go back longer), the taxpayer has been forced to spend over $2.9 trillion just on interest expense. Do you know how many roads and bridges that would build or fix? All of them! Do you know how many could be helped by this amount? A ton of them. But these #@%#@ have put us in the soup. A soup there is no way we can come out of as no one, and I mean no one, does anything about it. They have been taunting markets for years. They have rigged and manipulated rates to cover for all this. But don’t worry. Many have been calling for trouble because of all this debt for a long time yet markets are at a high. Don’t worry. All’s well!