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Government

National debt hits $19.5 trillion

2016-09-02

[WASHINGTONEXAMINER] The national debt hit $19.5 trillion for the first time ever this week, a little more than seven months after it hit the $19 trillion mark. The debt clocked in at $19.51 trillion at the end of Wednesday, the Treasury Department reported Thursday afternoon. Precise debt figures on any given day are released on the following business day. The national debt hit $19 trillion for the first time ever on Jan. 29. When President B.O. took office in early 2009, the total debt was $10.63 trillion, which means it has almost doubled under his watch.

Posted by:Fred

#15 Hillary will have completely ignorant illegals voting for her in November because they were told "Free Stuff"!

Posted by: Wizski 2016-09-02 23:32

#14 Try $21T

Posted by: newc 2016-09-02 22:44

#13 And neither candidate thinks this is even worth discussing, ensuring it will get much worse.

Posted by: AuburnTom 2016-09-02 11:06

#12 As I recall from the famous "bet me" debate of Romney and Perry, Mitt announced his rate at a 'standard' of 15%.

Posted by: Skidmark 2016-09-02 10:25

#11 "Tax the rich", but create a Byzantine tax system in which they get to protect their assets and income. See - kabuki theater

The rich will pay up to about 25% tax, as I recall. Raise it higher than that, and they can afford to adjust their investments so that their net tax after deductions falls back to that point.

Posted by: trailing wife 2016-09-02 10:13

#10 I read a letter to the editor in our local newspaper where the woman came up with the following non sequitur: "I read 50 magazines a month, and I think Hillary Clinton is the way to go." As they say, "You can't fix stupid."

Posted by: JohnQC 2016-09-02 09:44

#9 Another Cloward-Pivens, Saul Alinsky success for Obama in his goal of collapsing the system. Hillary will be Obama on steroids. People vote for a lot of stupid reasons such as it would be cool to elect the first black POTUS or first womyn POTUS--no matter that such people are intent on destroying the country or feathering their own pockets. It strikes me as sophomoric to do that--kind of like electing a guy for homecoming queen or a dog for student body president such as was done in the late '60s and early '70s in some universities as a protest of the cause du jour--it's juvenile and irresponsible.

Posted by: JohnQC 2016-09-02 09:39

#8 Don't forget the Ministry of Truth reporting of 'real' inflation. If it wasn't for frackers, we and the economy would already be hammered the tax known as inflation. If you're rich and connected you're protected by the Fed and Treasury along with your bought and paid for Congresscritter*. If you're middle or working class, you're screwed.

*"Tax the rich", but create a Byzantine tax system in which they get to protect their assets and income. See - kabuki theater

Posted by: Procopius2k 2016-09-02 08:10

#7 Well BP, you're referencing 'Central Marxists' and I'm talking about the Obama regime. The two are synonymous

Posted by: Besoeker 2016-09-02 06:47

#6 The central Bank marxists have been manipulating interest rates below the natural risk rates.
They did this to destroy banks.
There is no way on earth the natural market balance between savers and borrowers has interest rates at ~0%.
It's a total joke.

THERE IS NO MARKET.

Posted by: Bright Pebbles 2016-09-02 06:42

#5 Meanwhile the Federal Gov't continues to pressure the Fed banking system to keep interest rates low. Any elevation will throw the federal budget interest payment expenditures ($283b - 7% of budget) into absolute chaos.

The gov't long ago went into the business of borrowing money and paying handsome returns in order to support their schemes. They've since put the banks out of business and stifled personal investment and the economy.

None of this is likely to end well.

Posted by: Besoeker 2016-09-02 06:37

#4 20 trillion by January. 40 trillion in eight years if Hillary gets in.

Posted by: Cheaderhead 2016-09-02 06:06

#3 Of bigger concern is the nearly 100 trillion in unfunded and unfundable public retirement plans.

Posted by: no mo uro 2016-09-02 05:37

#2 I bet that, if Hillary elected, we all be nostalgic for Obama.

Posted by: g(r)omgoru 2016-09-02 05:10

#1 I'll bet dollars to Donuts it's way way more than that.

Posted by: gorb 2016-09-02 01:33

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