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For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion

 
Anonymous Coward
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10/26/2019 03:59 PM
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For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
The Treasury Department recently reported its latest information on the size of the public debt. As of the end of the government's 2019 fiscal year, which ended on Sept. 30, the total amount that the U.S. government had borrowed rose to $22.687 trillion. That was up by roughly $1.17 trillion from the end of fiscal 2018, marking the second straight year that the national debt had risen by more than $1 trillion.

Sadly, it looks as though the trend toward rising debt levels is likely to accelerate into the next decade. According to the nonpartisan Congressional Budget Office, budget deficits are likely to average $1.2 trillion between 2020 and 2029, as tax cuts on corporations and individual taxpayers reduce revenue even as most government programs see rising spending needs.

[link to www.fool.com (secure)]
Anonymous Coward (OP)
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10/26/2019 04:01 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
Anonymous Coward
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France
10/26/2019 04:05 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Trump tried to fix it

but Obama fucked up too much stuff.


.
Anonymous Coward
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10/26/2019 04:06 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
 Quoting: Anonymous Coward 12279196


More like a bait and switch con man scheme.
Anonymous Coward
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10/26/2019 04:07 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
They abused the Babylon whore a little too much, and now the whore is going to collect the literal motherfucking bill or burn this bitch down in the process.
Anonymous Coward
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10/26/2019 04:24 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
 Quoting: Anonymous Coward 12279196


lolsign
Anonymous Coward
User ID: 77546581
Germany
10/26/2019 04:26 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
 Quoting: Anonymous Coward 12279196


he still has 5 years to solve it.
Anonymous Coward
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Australia
10/26/2019 04:31 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
 Quoting: Anonymous Coward 12279196


he still has 5 years to solve it.
 Quoting: Anonymous Coward 77546581


LOL...he has increased the debt by two trillion dollars in his first two years while the economy has been strong and revenues are good.

If the national debt is rising this fast even under strong conditions, it's alarming to think what might happen when a recession hits.
Anonymous Coward
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10/26/2019 05:05 PM
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Re: For FY 2019, the national debt is up by $1.17 trillion to $22.687 trillion - the second straight year it has risen by more than $1 trillion
Donald Trump: I will eliminate U.S. debt in 8 years

April 2, 2016

[link to thehill.com (secure)]

So much winning.
 Quoting: Anonymous Coward 12279196


he still has 5 years to solve it.
 Quoting: Anonymous Coward 77546581


LOL...he has increased the debt by two trillion dollars in his first two years while the economy has been strong and revenues are good.

If the national debt is rising this fast even under strong conditions, it's alarming to think what might happen when a recession hits.
 Quoting: Anonymous Coward 77630394


More winning?





GLP