The United States debt is inching ever so closer to the $22 trillion mark – you could say it’s $122 trillion because of the unfunded liabilities and expenditures.
Despite slamming past administrations for racking up the credit card, President Donald Trump isn’t making any improvements to the national debt. In fact, Trump and the Republicans are spending more, borrowing more, and selling more. This isn’t fiscal conservatism.
With so much talk about the U.S. debt, the key question is: who owns it?
Using the latest data from the U.S. Treasury, MarketWatch created this great chart that simply answers the question:
As the Federal Reserve raises interest rates, it’s going to cost more to service this debt.
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Ha ha! What hypocrisy!
Republicans cried about debts and deficits for 8 years. I expected higher taxes, spending cuts, a balanced budget and austerity in order to pay off the debt and stop the deficit spending.
But I can see that’s just a hypocritical ploy only used when Dems are in office.
You people aren’t fooling anybody.