Don't fall into the trap of the shitty articles who proclaim every now and then how "Trump repays them". This is all due to gov paying their oligations during the year, all standard procedure.
What you should be looking at is the date of October 1st.
That is the beginning of fiscal year of 2018 when the numbers account for all of the money for the last year. (FY in US is September 30th - October 1st, they often don't overlap with calendar year).
For all things combined, debt is assuredly well over 20 trillion $ now.
https://debtclock.tv/world/us/
National debt is a meme.
Who do we owe debt to?
>>136930107
People who invest in the U.S.
>>136930107
African americans who built your country.
>>136930107
Investors. Bonds are basically stock in the government. The ratio of American citizens to foreign powers is around 70-30.
The problem with such massive debt is that sooner or later people realize there's no ROI and stop buying bonds, forcing the government to either shut down all nonessential spending (cue riots) or print money to cover the difference (cue hyperinflation).
Basically we're superfucked unless we cut muh social security, muh medicare, muh obamacare, etc. to next to zero and that'll never happen because liberals are entitled little cunts.
That debt will never be repaid.
http://www.usdebtclock.org/#
http://www.usdebtclock.org/world-debt-clock.html
hmmm I don't have any idea how debt works
what has the Synagogue of Cancer done to the economy? what value do they even provide to the world
>>136932106
This.
Wait until the interest rate rises
Realistically we're all fucked at this point but thats when shit goes down
>>136929474
debt is a way to create inflation and win elections. only reason why gov's make debt.
>>136930652
KANGZ
>>136934516
We're already slowly raising the interest rate.
FOMC Raised the Rate to 1.25 Percent on June 14, 2017
>>136929474
Unfunded liabilities paint the picture even worse.
There's no way in hell, without some major economic revolution like fusion energy and asteroid mining, this country will be able to sustain it's mandatory spending in the next 50 years.
>one trillion dollars
If you spent 1 million dollars every day since Jesus was born, you still would not have spent 1 trillion dollars.
>>136934898
Err, no, the math works out to 273 years
Try again
>>136929474
Our debt is higher than the US per capita. It's great to see investments continuing instead of austerity measures. MCGA
and obama actually tripled the debt not doubled like everyone says. ammortize faggots
>>136935223
Nobody cares because it will never be payed off ever.
At this point is it just easier to exterminate the Jews?
>>136931390
So, what, have these investors used their bonds to borrow other forms of wealth?
When virtually everyone seems to be borrowing from each other the system doesn't make sense to me.
There has to be someone (or some group) who has borrowed far more than anyone else. Would that be the U.S. Government?
>>136936129
Here's a fun riddle. Governments are in debt. Municipalities are in debt. Corporations are in debt. Households are in debt. So who's lending all of this money to them?