The U.S. national debt is rising by $1 trillion about every 100 days

CNBC ^ | MAR 1 2024 | Michelle Fox

[linMcHlp]

Feb. 4, 2024

After Jamie Dimon warns of market 'rebellion' against $34 trillion national debt, Fed's Jerome Powell says it's past time for an 'adult conversation' about unsustainable fiscal policy

https://fortune.com/2024/02/05/national-debt-unsustainble-fed-chair-jerome-powell-jamie-dimon-ray-dalio-warn/

EXCERPTS:

On CBS's 60 Minutes Sunday. "In the long run, the U.S. is on an unsustainable fiscal path," Powell warned.

JPMorgan Chase CEO Jamie Dimon. Dimon, warned last month that the U.S. economy is headed for a "cliff" if something isn't done to address the federal government's excessive debt burden

Despite the criticism, Treasury Secretary Janet Yellen has brushed off concerns about the rising national debt.

The key metric Yellen looks at is net interest payments as a share of GDP, and that is still "at a very reasonable level," she argued in a CNBC interview last September.

- - -

The "something" that will likely be done about "it," IMHO, is that the leftists will - at a time of their choosing - suddenly cry out an alarm to increase taxes.

And blame America, blame conservatives, blame Republicans, and blame Trump.

Warning label on every plan and product of the left:

     "We Don't Bear Responsibility"

- DHS Secretary Alejandro Mayorkas, Feb. 2024

[Elsie]

One trillion; eh?

$1,000,000,000,000

Well, our population is a bit over 335,000,000 so that is a debt increase for YOU and me of about $2,985.07 every 100 days.

Let’s just say $30 a day.

What could YOU have bought, for yourself, with thirty bucks today?
Yesterday?
$210 bucks last week??
Almost a THOUSAND last month???

[Elsie]

No darker than Venezuela.

Or the guys you mentioned.

I wonder...
...to whom is this money OWED?

[Elsie]

NO.

It’s all on little carts in the lower floors of NYC banks.

https://www.worldrecordacademy.org/2022/12/worlds-largest-gold-vault-world-record-in-new-york-city-new-york-422448

[bert]

Well, what about assets? Asset values of portfolios and real estate are rapidly gaining in value that might actually exceed the $30 per day

[Elsie]

These corruptocrats are going to be long gone when the SHTF.

But where will they be gone TO?

I've made plans to be somewhere nice - for a REALLY long time.

[Elsie]

The answer is simple.

Print NEW money to pay off the OLD debt.

[House Atreides]

Jeez, it took the US from the founding of our nation until OCTOBER 23, 1981 for the US NATIONAL DEBT TO REACH ONE TRILLION DOLLARS.

Now we ADD ADDITIONAL TRILLIONS TO THE DEBT EVERY HUNDRED DAYS. The PARASITIC grifters in Washington and their PARASITIC associates nationwide AND WORLDWIDE have got their GRIFT MACHINES IN HYPERDRIVE.

[Elsie]

Really? How???

Oh; never mind...

[Elsie]

Looks like the onset of birth pangs.

[Elsie]

Our silly women already are!

[Elsie]

...we’ll be out of here.”

Do they plan on walking streets of transparent gold?

[Elsie]

Ya Wimp!

[Elsie]

Me too; but I’m gonna charge it.

[mewzilla]

Of course people care.

That’s why Deep State has to steal elections.

[Elsie]

...and the clock is striking thirteen.

[Elsie]

Use any available ‘money’ to gain things of VALUE.

“Lay up your treasure in heaven, where moths and thieves and the US government can’t get at it.”

[Elsie]

I'll bet you have no pennies!

Scrounge around your house and car ashtray to see how much 'money' you actually have.

I'd say that we have some numbers on a piece of paper from our bank, but Money??

[Elsie]

Buy bitcoin folks. Thank me later.

It's BETTER than numbers on paper - it is electrons flowing thru the web!

[Elsie]

Asset values of portfolios and real estate are rapidly gaining in value

More numbers on paper.