U.S. National Debt

The government is running our country into complete financial ruin. The U.S. national debt has ballooned to $29 trillion and has now surpassed the GDP by 125%.


~ U.S. National Debt Clock – Real Time


Back in 2008 it was kind of a big deal when our National Debt Clock ran out of digits.

For a while people were worried that the debt was spiraling out of control.


Since then the debt has nearly tripled.


Now the interest payments alone on the debt total over $1 trillion per year. Think about that for a second, we are now spending over $1 trillion every year just on interest payments that do not even pay off the principle. In other words, we’re totally screwed.


The Federal Government has the same philosophy as Wile E. Coyote when it comes to debt…you won’t fall off the fiscal cliff as long as you don’t ever look down.


~ Interactive Timeline 150 Years of U.S. National Debt – Visual Capitalist


~ Our Debt Clock – Truth in Accounting

Adding up all of the unfunded liabilities the U.S. government owes totals over $156 TRILLION.

Each Taxpayer’s Share: $470,000


Children are now born into debt. Our future generations are expected to pay off a debt that was incurred before they were even alive. This is total madness. This is a crime against humanity. It is a violation of our most fundamental human rights for a child to be born into debt, bondage, and slavery.

Furthermore, we the people of the United States did not authorize or consent to this astronomical debt. I have never signed a contract authorizing these charges to be made in my name. Did you? No. We did not consent to these charges. We did not authorize these charges. We made no financial gains from these charges. All we did was pay our taxes and put money into the system. We never were allowed to take any money out.

So why are we the ones being held responsible to pay back this astronomical debt when all we ever did was pay into the system and continuously hand over our hard earned money while never taking any money out? The fact is that we are not responsible to pay back this debt because we never gave our authorization or consent. We only paid-in to the system, we never got paid-out. The people who got the pay-outs need to start paying-back. We want our money.


~ Charting America’s Debt- $27 Trillion and Counting – Visual Capitalist


~ 5 facts about the national debt – Pew Research Center


Debt Visualized

~ Total US National Debt visualized- pre and post-Covid – YouTube


TV News Videos


~ US debt to exceed the economy for the first time since World War II – YouTube


~ Dubious milestone- US national debt exceeds $21 trillion – YouTube


~ Government debt per household to hit record levels, report says – YouTube


~ US debt surpasses historic $20 trillion – YouTube


~ Watchdog warns of debt threat looming over US economy – YouTube


~ Why skyrocketing federal debt will mean the next recession is harder to overcome – PBS News Hour


News Articles


~ Here’s who owns a record $21.21 trillion of U.S. debt – MarketWatch

Hmm…$197 Billion held in the Cayman Islands.


~ $23 Trillion Dollars Our Insane National Debt Could Lead to America’s Ruin The Heritage Foundation

~ Amazon bought US government debt at a record pace last year – CNBC

~ Government debt hits record $66 trillion, 80% of global GDP, Fitch says  – CNBC

~ Interest on the National Debt and How it Affects You – The Balance

The interest on the debt is $378 billion.

~ Our National Debt Just Hit $22 Trillion. Will Congress Finally Take It Seriously? – The Heritage Foundation

~ President Trump’s $4 Trillion Debt Increase Committee for a Responsible Federal Budget – Committee For a Responsible Federal Budget

~ President Trump has Signed $4.7 Trillion of Debt into Law – Committee for a Responsible Federal Budget

~ Record government and corporate debt risks ‘tipping point’ after pandemic passes – MSN

~ ‘Self-inflicted wound’: Donald Trump signs budget bill as experts warn he’s on track to add trillions to U.S. debt – USA Today

~ The Government Debt Racket – Washington Monthly

~ The Problems with Federal Government Debt – Downsizing the Federal Government

~ The US debt is now projected to be larger than the US economy – CNN

~ Under Trump’s watch, national debt tops $21 trillion for first time ever – CBS News

~ Understanding the Current U.S. Federal Debt and Its Effect on You – Money Crashers

~ US Debt Is Now Larger Than the Economy. Does It Matter? – Yahoo! Finance

~ U.S. Debt on Track to Grow to ‘Highest Level in U.S. History by Far,’ Says CBO – Newsweek

~ US national debt tops $22 trillion for first time in history – Business Insider

~ US debt surpasses $23 trillion for first time – TheHill

~ Who Bought the Huge $1.26 Trillion of New US Government Debt over the Past 12 Months? – Wolf Street

Reports


~ Federal Debt: A Primer (2020) – PDF