- Sep 25, 2001
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https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
"The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77 percent.
The U.S. ratio is 104 percent.
That's the $21.516 trillion U.S. debt as of September 28, 2018, divided by the $20.658 trillion nominal GDP.
...falling interest rates meant America's debt could increase, but interest payments remained stable at around $266 billion.
But that changed in late 2016. Interest rates began rising as the economy improved. As a result, interest on the nation's debt will double in four years.
On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. It was $22 trillion. (That puts the U.S. debt-to-GDP ratio at 108 percent.)
In just two years, Trump has overseen the fastest dollar increase in the debt of any president."
interest rates are low because the Fed Rate is low.
when the Federal Reserve raises interest rates, the US has to pay more $ just to pay the Debt's interest payments.
Last year Trump was complaining that the Fed Reserve was raising interest rates too much and it's hurting Americans.
it was really trying to save his own hide from dealing with higher interest payments.
Right now Trump is trying to load up on as much debt as possible to make himself look good.
Overspend like a drunken sailor spurs the economy and alot of people have good jobs.
And the stock market climbs because companies are making lots of profit.
when he loses in 2020, the Dems would have inherited a mess, and a ticking time bomb in the form of the National Debt and it's near runaway interest payments.
and when the US economy slows down to deal with the consequences of his overspending, i predict Mr OrangeHead will say that the US was doing great when he left office...
"The World Bank compares countries based on their total debt-to-gross domestic product ratio. It considers a country to be in trouble if that ratio is greater than 77 percent.
The U.S. ratio is 104 percent.
That's the $21.516 trillion U.S. debt as of September 28, 2018, divided by the $20.658 trillion nominal GDP.
...falling interest rates meant America's debt could increase, but interest payments remained stable at around $266 billion.
But that changed in late 2016. Interest rates began rising as the economy improved. As a result, interest on the nation's debt will double in four years.
On February 9, 2018, Trump signed a bill suspending the debt ceiling until March 1, 2019. It was $22 trillion. (That puts the U.S. debt-to-GDP ratio at 108 percent.)
In just two years, Trump has overseen the fastest dollar increase in the debt of any president."
interest rates are low because the Fed Rate is low.
when the Federal Reserve raises interest rates, the US has to pay more $ just to pay the Debt's interest payments.
Last year Trump was complaining that the Fed Reserve was raising interest rates too much and it's hurting Americans.
it was really trying to save his own hide from dealing with higher interest payments.
Right now Trump is trying to load up on as much debt as possible to make himself look good.
Overspend like a drunken sailor spurs the economy and alot of people have good jobs.
And the stock market climbs because companies are making lots of profit.
when he loses in 2020, the Dems would have inherited a mess, and a ticking time bomb in the form of the National Debt and it's near runaway interest payments.
and when the US economy slows down to deal with the consequences of his overspending, i predict Mr OrangeHead will say that the US was doing great when he left office...
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