On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.
It took nearly two centuries to reach that unfortunate milestone.
And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race… plus dozens of other wars, financial panics, and economic crises.
Today, the national debt stands at more than $21 trillion– a milestone hit roughly two months ago.
This means that the government added $20 trillion to the national debt in the 37 years between October 22, 1981 and March 15, 2018.
That’s an average of nearly $1.5 BILLION added to the national debt every single day… $62 million per hour… $1 million per minute… and
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3 comments:
And they continue to print us into a depression. Remember now clinton stole the last real equity we had, the social security funds. Its now all one big house of cards
And they continue to print us into a depression. Remember now clinton stole the last real equity we had, the social security funds. Its now all one big house of cards
The bankers want us to call it debt.
It has been monetized (national debt).
Therefore it should not be owed.
The Fed is printing money out of thin air and buying US Bonds.
This is fraud.
Call it what it is: counterfeiting the currency
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