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Debt crisis escalates: $34 trillion U.S. federal debt raises alarms as interest expense soars to unprecedented levels.
Citizen Watch Report ^

Posted on 01/07/2024 2:59:23 PM PST by davikkm

In a concerning financial development, the total federal debt in the United States has surpassed a staggering $34 trillion. This milestone is accompanied by a troubling surge in debt accumulation over recent periods, including $1 trillion in the past 3 months, $2 trillion in the past 6 months, $4 trillion in the past 2 years, and a staggering $11 trillion in the past 4 years.

(Excerpt) Read more at citizenwatchreport.com ...


TOPICS: Business/Economy; Government
KEYWORDS: blogpimp; crisis; debt; doomporn; everydaysamething; overandover

1 posted on 01/07/2024 2:59:23 PM PST by davikkm
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To: davikkm
Debt crisis escalates: $34 trillion U.S. federal debt raises alarms as interest expense soars to unprecedented levels.


2 posted on 01/07/2024 3:07:30 PM PST by Navy Patriot (Celebrate Decivilization)
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To: Navy Patriot

He’s a thief...cares nothing for his people. He’s only interested in ethnic cleansing...getting rid of anything Russia.


3 posted on 01/07/2024 3:14:54 PM PST by Sacajaweau ( )
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To: davikkm

I’ve always regretted passing up a chance to buy a nicely framed collection of deutschmarks through the great Weimar inflation. It started with a one deutschmark note and progressed all the way to the eleventy-seven bajillion deutschmark, or whatever denomination they finally reached at the end. The very last note in the collection was a one reichsmark note with a mustachioed feller on the front. The framed collection was not terribly expensive but it was big enough that I had nowhere to hang it. In retrospect, I should not have been so responsible.

I have always regretted not picking up one of the hundred trillion Zimbabwe notes.

I will not make the mistake a third time.

The good news is that I will be able to pay off my mortgage with the change I get back from buying a fish sandwich at McDonalds.

The bad news is that I won’t be able to afford a fish sandwich at McDonalds.

We are approaching the point at which debt service will simply compound on itself, with a growing operating deficit on top of that. No one will buy U.S. Treasury notes; it will all be fiat money created ex nihilo by the Federal Reserve. Government workers will get their COLAs like clockwork,two times a day. Everyone else will be bankrupted. The democrats will insist that only socialism can save us, and vote by mail vote harvesting will elect them.

This is the plan.

It may be a good thing that I never got the framed German banknote collection. Whoever owns it will probably be in danger of arrest for wrong think, and for spreading misinformation if he shows it to anyone.


4 posted on 01/07/2024 3:31:09 PM PST by sphinx
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To: davikkm

clickbait garbage


5 posted on 01/07/2024 3:44:08 PM PST by kiryandil (Rocco is roccking again!!)
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To: sphinx

> The bad news is that I won’t be able to afford a fish sandwich at McDonalds. <

Old joke: A man slips into a coma and sleeps for 30 years. When he wakes up, he rushes to the nearest pay phone and calls his broker.

Man: What is my portfolio worth now?
Broker: Just over $5 million.

Just then the operator breaks in.
Operator: Please deposit $500,000 for the next three minutes.


6 posted on 01/07/2024 4:03:50 PM PST by Leaning Right (The steal is real.)
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To: davikkm
As long as the same people who caused the problem is in charge of fixing it, nothing will improve.

7 posted on 01/07/2024 5:51:51 PM PST by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty)
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To: sphinx
ATrillionDollars

Now imagine (if You can), what $34 Trillion looks like!

8 posted on 01/07/2024 6:46:25 PM PST by Col Freeper (Praise and Trust in the LORD in All Things at All Times.)
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