The Obama Debt Tracker: total combined national debt hits $19 trillion for the first time

The United States Department of the Treasury ^ | Monday February 1, 2016 | The United States Department of the Treasury

[Cheerio]

and printed by the Federal Reserve Bank, significantly devaluing the precious U.S. dollar.

The Economic Role of Government: Focus on Stability, Not Spending ............Government can provide a stable environment for economic growth when it can be depended upon to maintain the stability of the currency, enforce and defend property rights, and provide oversight that assures private citizens that their transaction partners in the marketplace are held accountable.

[Revel]

The 10 year treasury rate in 1982 was 14.59%.

If the cost of paying interest on the debt was to become a mere 10% then the approximate cost of interest on the debt would become close to 2 trillion a year. I believe that actual government revenue last year was only a little over 3 trillion.

[VerySadAmerican]

LBJ called the president or CEO of a pants manufacturer and told him he needed some pants with the crotch longer because it cinched his “nuts”. LBJ was assured there’d be no charge.

[Bobby_Taxpayer]

That’s like the wealth of 19 million milionares or 19 thousand billionaires. Is their that many in the US? The answer is obvious.

[taxcontrol]

The US does not have a tax collection problem. We have a tax SPENDING problem. Until we spend about 17% of GDP and tax at 19% of GDP, we will continue to have a spending problem. At least until the nation goes broke.

[CottonBall]

yup, Trump is frugal. Doesn’t seem it with the jets and all, but if you read his books he is very careful about what each aspect if a deal costs and says a little at a time can lead to overruns.

[CottonBall]

Trump is the only candidate talking about the debt. The others haven’t even mentioned it!

[CivilWarBrewing]

Mexico will pay for illegals’ health care!