Posted on 10/10/2023 10:09:32 AM PDT by Kaiser8408a
Joe Biden is the Buzz Lightyear of the economy … and not in a good way. Under Biden and the Congressional spending sprees, the US debt is going to infinity … and beyond!
Twenty days.
That’s how long it took the Biden administration to add another half-trillion dollars to the national debt.
Bidenomics certainly requires a lot of borrowing and spending.
On September 15, the debt quietly blew passed $33 trillion. On October 5, it pushed above $33.5 trillion.
Don’t forget about the $194+ TRILLION in unfunded liabilities that politicians promised the non 1%.
By the way, it only took Biden and his willing accomplices in Congress three months to drive the national debt from $32 trillion to $33 trillion.
As of October 5, the debt stood at $33,513,382,512,663.51.
This is an unimaginable amount of money.
To put things into some perspective, the total output of the US economy as measured by GDP was only $25.46 trillion. That means the US economy would have to grow by 33.5% to cover the national debt.
At $33 trillion, the US national debt is more than the total economies of China, Japan, Germany, and the UK combined.
Looking at it another way, as of Oct. 10, every US citizen would have to write a $99,839 check in order to pay off the debt, and every American taxpayer is on the hook for $258,257.
People tend to yawn at the ever-increasing national debt, but it is a ticking time bomb. Who knows how much time is left, but the timer is ticking relentlessly toward zero.
To infiniity and beyond … with Billions Biden! Biden’s 2024 Presidential election campaign photo.
(Excerpt) Read more at confoundedinterest.net ...
Did the big guy, Joe Bribemum, get his 10% kickback?
Halting Oil drilling in the US raises the price/barrel of oil and basically anything we now buy.
Which gives Iran, Russia, Venezuela and others $Billions more to spend for the same commodity.
Summary: Stopping Oil drilling in USA, lowers the supply, but the demand has not subsided!:
So, the price of oil will continue to rise and empower our enemies with even more cash.
Again, “Did the big guy, Bribemum get his 10% kickback?”
PS: Were many US military weapons used in this attack?
You know, all that weaponry Biden Bribemum abandoned in his shameful rout in Afghanistan?
https://www.americanthinker.com/images/bucket/2023-10/249316_5_.jpg
$500 B in 20 days is absolutely nuts. A while back I calculated the cost of the 45 day continuing resolution as being $250 B. That was based on $2 T annual deficit. I really need to learn how to multiply by 4 when estimating government spending.
first slowly, then all the sudden very fast...wars, mexicans rushing our border, terrorist attacks...hard to stay positive. Elected officials not doing a damn thing to stop any or it. Feels like we are rapidly approaching the breaking point. Is it time for good people to take action?
“Feels like we are rapidly approaching the breaking point. Is it time for good people to take action?”
************
Hard to do because the system is so corrupt.
AND how much 50 million illegals on welfare really cost.
Global debt including unfunded liabilities is about two quadrillion dollars.
.
This is inentional.
How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” That’s from Ernest Hemingway, in his 1926 breakthrough novel, The Sun Also Rises
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