Home » Posts tagged with "US Debt"
US National Debt Reaches $33 Trillion: A Complex Web of Politics, Spending, and Economic Challenges
The U.S. Treasury Department made a sobering announcement on Monday, revealing that the nation’s debt has soared to a staggering $33 trillion. This financial milestone arrives amid the backdrop of intense political negotiations over government spending in the nation’s capital, shedding light on the intricate web of fiscal, political, and economic challenges facing the United States.
The...
New study finds that USA has at least $400 Trillion Debt
A new report suggests that the real US debt level may be $400 trillion, or 20 times higher than the country’s gross domestic product. The calculation includes government, state, local, financial and so-called entitlement debt.
AB Bernstein, a global asset management firm based on Wall Street, came up with these figures by including in its analysis not only traditional levels of public debt, such...
Trump gives $100 Billion handout to Blacks and Latinos, Media Blackout
A week ago “nationalist” US president Trump has signed an executive order in which he is now set to give $100 BILLION to Blacks and Latinos keeping his 2016 promise. This is the biggest handout Trump has issued so far and he is doing this despite US national debt continuing to grow normally under Trump as if its Obama leading the country. The US national debt is now nearing $22 Trillion...
$20 Trillion US Debt Should Keep People Awake At Night: Federal Reserve
With Congress wrestling over a tax reform plan that critics say would explode the government budget deficit, Federal Reserve Chair Janet Yellen said she also is concerned over the surging level of public debt.
A Senate committee passed the GOP-sponsored proposal, which would slash the corporate tax rate and lower individual income rates for many Americans.
However, the price tag of the plan is in...
US debt surpasses historical $20 trillion
The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money.
As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person and over $167,000 per tax payer.
The debt number had been stagnant since March due to the debt ceiling,...
US Debt Decreased by $68 Billion Since Trump Inauguration
Unheard of! When, in the last 50 years, has the debt gone DOWN?
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration!
By comparison, under President Obama, the US Debt burden increased by more than...
Trump Cuts US Debt by $12 Billion In His First Month
President Donald Trump reduced the US Debt burden in his first month in office!
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office!
On January 20, 2017, the US debt was $19,947 billion.
On February 21, 2017,...
Israel to Receive "Largest Aid Ever" Despite US Debt Reaching Biblical Proportions
The White House said it is prepared to commit to the “largest single pledge of military assistance to any country in US history” in its defense assistance talks with Israel.
A White House official made the statement to the Jewish Telegraphic Agency in response to a letter by 83 US senators to President Barack Obama urging him to substantially increase defense assistance to Israel.
“We have been...
US Admits Total Defeat In Afghanistan As Russian Victory In Syria Terrifies West
An internal strategic report prepared by the Ministry of Defense (MoD) circulating in the Kremlin within the last hour states that the historic peace talks begun earlier today in the Pakistani capital city of Islamabad between the United States, China, Pakistan, Afghanistan and Taliban signals that for the first time the American’s have acknowledged their total defeat in the Afghan War—and who...
Angry Putin Authorizes Shootdown Of US Planes Over Syria
The Ministry of Defense (MoD) is reporting today that President Putin has authorized the immediate deployment to the Levant War Zone (Syria) of at least 30 additional Aerospace Forces air-to-air Sukhoi Su-30 fighter jets that have proven capable of defeating their most sophisticated counterparts used by the US Air Force.
The mission of these Sukhoi Su-30 fighter jets, this report explains, is to “deter/target/destroy”...
US blows through $18 trillion Debt Limit
On Monday, the US reached its legal debt limit of $18 trillion, more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending.
As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasury statement. This figure is above the statutory debt limit, which was extended by Congress through March 15 this year.
Treasury...
Why is Dollar strong despite US's 18 trillion debt?
The dollar shows a steady growth with regard to other until recently stable world currencies. But is the dollar that strong? After all, the U.S. has a state debt of 18 trillion dollars and can declare a technical default at any moment. Recent rise of the Swiss franc showed that the dollar is far from being a safe haven for investors.
Global capital flows are extremely unstable
It is important to understand...
Putin Orders Feared “Samson Defense” To Collapse US-EU Economies
A chilling report published today by the Ministry of Economic Development (MED) is warning of potentially “catastrophic unknown consequences” relating to President Putin’s issuance to the Central Bank of Russia (CBR) of orders to initiate what is commonly known within the Kremlin as the “Samson Defense” designed to crash the Russian ruble, while at the same time insuring the economic collapse...
US Fires Nuclear Missiles As Saudi Secret Deal Backfires
An interesting Ministry of Foreign Affairs (MoFA) report circulating in the Kremlin today on Moscow’s agreement to follow the Organization of the Petroleum Exporting Countries (OPEC) decision not to cut oil output says this action was met by an Obama regime “temper tantrum” resulting in the launching of three US Submarine Launched Ballistic Missiles (SLBM) towards the Federations far eastern...
US total debt reaches stunning 60 Trillion Dollars!
America, its government, businesses, and people are nearly $60 trillion in debt, according to the latest economic data from the St. Louis Federal Reserve. And private debt, not government borrowing, is the biggest reason for the huge deficit.
Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion – up nearly $500 billion from the end of the fourth quarter...