US Debt by President - meaningless unless understand where money went

nitro · Jul 17, 2015

http://useconomy.about.com/od/usdeb...m_medium=tcg&utm_campaign=zergnet-test-579626

% is probably more accurate. Also, this website doesn't break things down. Context is also important. One president may increase spending on defense and another on helping the middle class, and neither is right and depends on whether you are in WWII or peacetime, or 2008-2015

nitro · Jul 17, 2015

Still it is pretty scary to see the debt is now more than what we earn. We take in 17.6 trillion and spend 17.8 trillion:

End of Fiscal Year Debt (9/30, in billions) GDP (Q3, in billions) Debt / GDP Ratio Event
2014 $17,824 $17,600 101%

nitro · Jul 17, 2015

Raising interest rates with a 17 TRILLION dollar debt is extremely dangerous. FED FUND FUTURES are essentially locking it in out the curve.

white_goodman · Jul 17, 2015

peter schiff lol

nitro · Jul 17, 2015

The FED needs to bluff the bond market to do the job for it without actually raising rates.

Beyondbreakeventrading · Jul 17, 2015

"meaningless unless understand where money went"

Oh that's easy, they flushed it down the toilet so their vermin friends could feast upon it.

loyek590 · Jul 17, 2015

nitro said:
The FED needs to bluff the bond market to do the job for it without actually raising rates.

more like, lose control of the bond market

loyek590 · Jul 17, 2015

Beyondbreakeventrading said:
"meaningless unless understand where money went"

Oh that's easy, they flushed it down the toilet so their vermin friends could feast upon it.

and that stimulates the toilet industry. Doesn't really matter where it goes. They take it from me to stimulate somebody else. And that somebody else is usually a friend of a bribed politician.

I can stimulate an economy, if you just let me keep it and spend it how I see fit. As it is now I practically single handedly stimulate Annheiser-Busch.

nitro · Jul 17, 2015

loyek590 · Jul 17, 2015

loyek590 said:
and that stimulates the toilet industry. Doesn't really matter where it goes. They take it from me to stimulate somebody else. And that somebody else is usually a friend of a bribed politician.

I can stimulate an economy, if you just let me keep it and spend it how I see fit. As it is now I practically single handedly stimulate Anheiser-Busch.

so let's just say, you don't like me spending money on Anheuser Busch and you want me to spend it on healthcare. You can make me do that with just the tax code. And that is because you know better how my money should be spent for the greater good? I know I like beer. Are you sure you are really that smart? Smart enough to spend my money better than the man who earned it will?