Posted on 08/29/2022 9:20:04 AM PDT by jpl
On Thursday August 25, 2022 America's national debt hit the staggering total combined amount of $30.82 trillion.
Since President Joe Biden was inaugurated into office a little more than nineteen months ago, the democrats in congress have increased the total combined national debt by more than $3 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2021 21,636,823,777,934.20 6,115,072,458,480.57 27,751,896,236,414.77
08/25/2022 24,170,525,091,479.93 6,653,855,517,282.95 30,824,380,608,762.88
In this time period, the debt has increased precisely $3,072,484,372,348.11, and worst of all, almost all of this increase is debt held by the public which has been borrowed from foreign governments like the communist Chinese, and printed by the Federal Reserve Bank, significantly devaluing the precious U.S. dollar.
This is an absolutely mind-blowing increase of $5.28 billion each and every single day.
And given that true economic recovery appears to be nowhere in sight and the federal reserve continues to endlessly monetize the debt and pump countless trillions into the markets via quantitative easing, it is pretty much a certainly that the next three trillion dollars of debt will be accumulated before we know it within the next year and a half, or even less.
I’ve been tracking Deb for years...but the courts keep telling me to stop.
funny that the useful idiot dems only worried about the federal deficit when Bush was president.
Libtard voters think it’s “free” money
For comparison, how does this compare top say, the last 18 months of the Trump administration?
There aren’t many debutantes left, but if there are, Joe has sniffed their hair already.
All by design, Comrades. All. By. Design. ;)
Biden is a SLACKER. Can you just imagine how much he would have spent if he had HALF A FUNCTIONING BRAIN?
Biden has NO FUNCTIONING Brain and only a Diaper Full of Crap, which is bad enough.
There’s no doubt whatsoever that Trump went along with an absolutely insane amount of spending in general, and especially in that last year after the democrats deliberately wrecked the economy under the pretext of trying to contain the Wuhan Flu.
.
They want “American Socialism.”
You have to inflict pain to get people to want to flock to that system.
They are purposely breaking the bank.
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