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United States National Debt - Latest Total

Discussion in 'News & Current Events' started by KenH, Feb 26, 2024.

  1. KenH

    KenH Well-Known Member

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  2. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    How do we possibly sustain this cancer? I’ve learned, with only his help can we move into a healthier direction in His grace and mercy. Help us Lord!
     
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  3. Guvnuh

    Guvnuh Active Member
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    We don’t sustain it.
    It’s only a matter of time before it collapses and brings with it societal chaos.
    The clock is ticking. ⏰
     
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  4. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    $34,393,262,399,002.40
     
  5. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    upload_2024-3-11_16-18-52.png
     
  6. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    upload_2024-3-18_17-32-13.png
     
  7. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    upload_2024-3-26_9-16-18.png
     
  8. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Are you a Dispensationalist believer? It is my experience that it is they who always speaks of doom and gloom. I believe it is the Father who has the last say, not evil greed filled humans. It is He who opened the sea so his people could walk right through it and then drown His childrens enemies. Needless to say, I put my faith in Him alone. Not Rome, not America, not any religious system, not any pope or a president, not any political system,blah blah
     
  9. Guvnuh

    Guvnuh Active Member
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    One’s eschatology has nothing to do with it.
    Spend more money than you have or have coming in and you’ll go broke. The major difference between individuals and the government is they can print their own money, which becomes more worthless as time goes on. They can also trade and give away the resources of its land and people in order to borrow money.
    No finance or business class required to understand it.

    Even if one is debt free, if they don’t pay their property taxes, a form of debt, the government not a bank will come get IT. One will be homeless. Empty hands, empty pockets. That’s where our government is headed.

    Dispensationalist Premillennialism, Historic premil, post mil, amillennial has nothing to do with it.
     
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  10. MMDAN

    MMDAN New Member

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    This is a terrifying thought! With our enormous national debt that continues to grow, how can we escape this outcome?
     
  11. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    upload_2024-4-16_7-51-6.png
     
  12. JonC

    JonC Moderator
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    It is interesting how this breaks down.

    Over $25 trillion is debt held by the public (treasury bonds, notes, etc.). About $7 trillion is intergovernmental debt (what the government owes itself).


    Foreign owned debt is the smallest.

    The largest holder is Japan at over $1.1 billion. The strange thing to me is that the US is the largest holder of Japan's foreign debt.



    While bad, the national debt is not the dire situation politicians would lead people to believe. But it is bad....not the worst, but bad.

    The true measure is debt to GDP (think...if I owe $100k and make $200k, it isn't tge same as owing $100k and making $50k).

    A healthy debt to GDP is below 60%. We are over 90%.
     
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