Economy 53,075 Posted March 22, 2018 Share Posted March 22, 2018 https://www.google.ca/amp/s/amp.businessinsider.com/the-national-debt-is-rising-much-faster-than-the-economy-2018-3 From last Thursday to Friday US debt rose by $73 Billion surpassing the $21 Trillion mark US debt has increased nearly $1 Trillion in the past 6 months alone The debt is currently rising 36% faster than the economy meaning the debt to GDP ratio that is already above 100% will continue to rise Link to post Share on other sites More sharing options...
ordinarynam1310 2,453 Posted March 22, 2018 Share Posted March 22, 2018 When you live up to your name and deliver some serious news Link to post Share on other sites More sharing options...
Chromatislaps 34,854 Posted March 22, 2018 Share Posted March 22, 2018 queen of debt Link to post Share on other sites More sharing options...
FATCAT 60,909 Posted March 22, 2018 Share Posted March 22, 2018 Ironically, the "conservatives" are running up the deficit faster and with no end in sight. This kitten over here (meow) Link to post Share on other sites More sharing options...
imnotyourbabe10 6,120 Posted March 22, 2018 Share Posted March 22, 2018 Thanks Obama JK I think people can finally start blaming T***p on this one, right? Given the time frame? EDIT: On topic, I've always pondered about the next "crash" like the recession of '08 with the housing market to be Student Debt. Is that a possibility? I'm only in the social sciences so I suck at econ. Link to post Share on other sites More sharing options...
rumours 45,521 Posted March 22, 2018 Share Posted March 22, 2018 This is why I hate both political parties immeasurably. Neither seems to truly care about this issue Also, if anyone wants to have an anxiety attack, here ya go: http://usdebtclock.org/ Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 9 minutes ago, imnotyourbabe10 said: Thanks Obama JK I think people can finally start blaming T***p on this one, right? Given the time frame? EDIT: On topic, I've always pondered about the next "crash" like the recession of '08 with the housing market to be Student Debt. Is that a possibility? I'm only in the social sciences so I suck at econ. Students own few of the assets in overall economy to cause a sudden crash I picture student debt being more like a drag on the economy that gets worse overtime as you get delayed household formation and delayed home purchases as new generation is forced to make these steps in life at a later age than previous generations Link to post Share on other sites More sharing options...
tomsches 17,560 Posted March 22, 2018 Share Posted March 22, 2018 Yeah, no what about "I vote for Trump, 'cause he'll be good for the economy"? Link to post Share on other sites More sharing options...
RadioIsOurs 13,876 Posted March 22, 2018 Share Posted March 22, 2018 Does it matter at this point, because I never really see ha facing any consequences? Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 24 minutes ago, FATCAT said: Ironically, the "conservatives" are running up the deficit faster and with no end in sight. And this is during "good economic times" Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 5 minutes ago, RadioIsOurs said: Does it matter at this point, because I never really see ha facing any consequences? Who? Link to post Share on other sites More sharing options...
Phlop 4,773 Posted March 22, 2018 Share Posted March 22, 2018 Who we in debt to BYE Link to post Share on other sites More sharing options...
RadioIsOurs 13,876 Posted March 22, 2018 Share Posted March 22, 2018 Just now, Economy said: Who? The good sis Trumpland. I mean they always somehow stay looking rich and powerful, and all the other countries can do is just give them the look. Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 Just now, Phlop said: Who we in debt to Everyone lol Governments sell bonds to raise their borrowed money and anyone can invest in it... Financial institutions, individual investors, mutual funds, even other Countries if they have a wealth fund Even pension funds often invest in Government debt. If you have ever worked and deducted for retirement, a portion of that may have been used to lend to the Government and you wouldn't even be aware of it Link to post Share on other sites More sharing options...
BLACKOUTbritney 22,369 Posted March 22, 2018 Share Posted March 22, 2018 Debt is a social construct I choose to ignore If I owe you money, I’m sorry in my mind I don’t US following my lead Link to post Share on other sites More sharing options...
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