U.S. National Debt surpasses 25 Trillion!
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U.S. National Debt surpasses 25 Trillion!
by pennypicker » Thu May 07, 2020 9:27 am
This morning the U.S. National debt surpassed 25.2 trillion and the U.S. Federal debt to GDP ratio is now up to 118%. The U.S. Federal debt to GDP ratio in 1980 was just 34%. I guess the concept of "servicing the debt" is all but forgotten---keep stacking my friends and someday you'll be rewarded handsomely for your efforts!
Last edited by pennypicker on Thu May 14, 2020 10:09 am, edited 1 time in total.
"If I had to pick one player to take the last shot to win the game I would pick Michael Jordan...if I had to pick one player to take the last shot to save my life I would pick Larry Bird"--PAT RILEY, L.A. Lakers Head Coach
"I'd rather play against Michael Jordan than Larry Bird...Jordan made you look bad but Bird made you look stupid!"--JAMES WORTHLY, Laker Hall-of-Famer
"I'd rather play against Michael Jordan than Larry Bird...Jordan made you look bad but Bird made you look stupid!"--JAMES WORTHLY, Laker Hall-of-Famer
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Re: U.S. National Debt surpasses 25 Trillion!
by IdahoCopper » Thu May 07, 2020 7:53 pm
Bitcoin up $1,050 in the last 24 hrs.
Silver up $0.50?
Silver up $0.50?
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Re: U.S. National Debt surpasses 25 Trillion!
by Recyclersteve » Fri May 29, 2020 10:34 pm
If you count underfunded items like Social Security, etc. the debt is much, much higher than $25 trillion.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: U.S. National Debt surpasses 25 Trillion!
by blackrabbit » Sat May 30, 2020 9:21 am
I think everyone needs to accept that the debt will never be paid back.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
-Thomas Jefferson
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