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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / America Now Owes 19 Trillion Dollars In Debt (2662 Views)
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America Now Owes 19 Trillion Dollars In Debt by MrPresident1: 10:58pm On Feb 03, 2016 |
The United States federal debt has surpassed $19 trillion for the first time in history according to the Treasury Department. However, the real figure could exceed $65 trillion, according to a former US Comptroller General. https://www.rt.com/business/331115-us-federal-debt-rise/ US debt surpasses historical $20 trillion
https://www.rt.com/business/403022-us-debt-historic-high/ 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by MrPresident1: 10:58pm On Feb 03, 2016 |
The debt is not sustainable, analysts say it is even understated and that in reality it exceeds 65 trillion Dollars. These are mind boggling sums of money, I shudder to convert them to Naira. Lalasticlala, what do you think? 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Idrismusty97(m): 11:17pm On Feb 03, 2016 |
Good news. 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by LordAdam: 11:21pm On Feb 03, 2016 |
The US debt profile is a ticking time bomb. Even the UK has a debt profile that is above $10t. But the economy sees the effect. The problem is that some people will see that and think there is nothing wrong with Buhari borrowing a lotbecause US has more debt than it can pay. Why must we be like US, UK and not China, Japan, the UAE, Norway, or Saudi Arabia who are the ones loaning the US? We see fire and run into it with reckless abandon. OBJ gave us a clean slate. YarAdua and GEJ stained the slate again, now PMB wants to make sure that slate can never be clean again. And what do Nigerians get? Dishonesty, lies, fake promises, and inflated figures? -Lord 3 Likes 1 Share |
Re: America Now Owes 19 Trillion Dollars In Debt by HtwoOw: 11:29pm On Feb 03, 2016 |
Who dey borrow them money? 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Nobody: 11:37pm On Feb 03, 2016 |
Obama and d Rothschild agenda... u will all fail.. Power belongs to God, and he has given authority to his son Jesus christ.. so no matter wat u do, all knees must bow to him.. How can America owe ds much... nna how dem dey borrow am?? 4 Likes |
Re: America Now Owes 19 Trillion Dollars In Debt by MrPresident1: 8:28am On Feb 04, 2016 |
HtwoOw:This is a very interesting question. I hear Lalasticlala is an economist, maybe he can help us with the answer |
Re: America Now Owes 19 Trillion Dollars In Debt by vedaxcool(m): 10:05am On Feb 04, 2016 |
HtwoOw: Normally China, they purchase their treasury bills. The US is addicted to borrowing, borrowing makes them great I guess 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Omololu007(m): 11:22pm On Feb 04, 2016 |
crixtex:fool!sh post 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by HtwoOw: 6:10am On Feb 05, 2016 |
MrPresident1:lala na mod He nor fit helep You |
Re: America Now Owes 19 Trillion Dollars In Debt by phemmie06(m): 7:52am On Feb 05, 2016 |
Borrowing is not a crime but it becomes a crime when you borrow wrongly. Borrowing in Nigeria is just as if borrowing to buy beer and pepper soup because the impact has never been felt. |
Re: America Now Owes 19 Trillion Dollars In Debt by NairaMinted: 9:41am On Feb 05, 2016 |
The Ponzi scheme that the bankers set up on Jekyll Island back in 1913 keeping America in debt perpetually. 4 Likes |
Re: America Now Owes 19 Trillion Dollars In Debt by Amberon: 12:08pm On Feb 05, 2016 |
They better pay me my money o |
Re: America Now Owes 19 Trillion Dollars In Debt by Nobody: 12:52pm On Feb 05, 2016 |
This news is giving me e.rection. The collapse of the Soviet Union will be a childsplay compared to what awaits America. More debts to America! Missy89 - Are u in America or Britain? I am asking because there's a vacant room in my family's house in Ijebu 7 Likes 1 Share |
Re: America Now Owes 19 Trillion Dollars In Debt by Missy89(f): 4:51pm On Feb 05, 2016 |
NairaMinted: Name two countries that is not practicing the fractional reserve system. 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Missy89(f): 4:58pm On Feb 05, 2016 |
Zoharariel: Do you have a clear understanding of how the debt system works? 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Nobody: 6:12pm On Feb 05, 2016 |
Missy89:No, I don't. Please tell me. |
Re: America Now Owes 19 Trillion Dollars In Debt by Missy89(f): 6:18pm On Feb 05, 2016 |
Zoharariel: Why should I? Are you going to pay me for the tutorial? Besides, I still need that room in Ijebu 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by pulsa(m): 11:05pm On Feb 07, 2016 |
America is a ticking time bomb. 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by MrPresident1: 10:24pm On Sep 12, 2017 |
US debt surpasses historical $20 trillion The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money. As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person and over $167,000 per tax payer. https://www.rt.com/business/403022-us-debt-historic-high/ |
Re: America Now Owes 19 Trillion Dollars In Debt by APCsupporter: 4:31pm On Sep 14, 2017 |
LordAdam: shut up if you have nothing to say. hey that had to borrow to pay salaries months before he was booted out? abeg shift 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by hanassholesolo: 5:37pm On Sep 14, 2017 |
Lol, that means the moment you are born in US, you automatically owe $62,000 in debt. United State of Debt. I hail. 3 Likes |
Re: America Now Owes 19 Trillion Dollars In Debt by Omololu007(m): 12:49am On Sep 15, 2017 |
hanassholesolo: |
Re: America Now Owes 19 Trillion Dollars In Debt by Mazeltovscotty(m): 4:39pm On Sep 16, 2017 |
It is just too late now. If you want to save america, slash her budget military. |
Re: America Now Owes 19 Trillion Dollars In Debt by romme2u: 1:34am On Sep 17, 2017 |
Missy89: Zoharariel: something that she should be explaining inside the oza room in Ijebu with illustrations 1 Like 1 Share |
Re: America Now Owes 19 Trillion Dollars In Debt by panafrican(m): 2:08am On Sep 17, 2017 |
Debt mainly to itself, not like our crooked African governments which sold us to the International Monetary Fund ,to the World Bank and to European banks. |
Re: America Now Owes 19 Trillion Dollars In Debt by Nobody: 4:48pm On Sep 17, 2017 |
So what?? As long as most of it is national debt (not owed to foreign creditors, it can be simply remitted, already happened in the past) and as long as the $ remains the world's reserve currency, Americans will not be worried. 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Appleyard(m): 10:17pm On Sep 18, 2017 |
Missy89: My Lady, do you still believe in the horsesh*t that the American government owe the money to itself? You were once an apostle of such blindman's narrative... |
Re: America Now Owes 19 Trillion Dollars In Debt by Appleyard(m): 10:20pm On Sep 18, 2017 |
Mazeltovscotty:But you know that will never be possible... |
Re: America Now Owes 19 Trillion Dollars In Debt by Mazeltovscotty(m): 11:59pm On Sep 18, 2017 |
Appleyard:yes i do. America keep spending big in preparation for war that will never happen 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Mazeltovscotty(m): 11:59pm On Sep 18, 2017 |
Appleyard:yes i do. America keep spending big in preparation for imaginary war that will never happen 1 Like |
Re: America Now Owes 19 Trillion Dollars In Debt by Appleyard(m): 12:31am On Sep 21, 2017 |
Mazeltovscotty: Yeah..You are right. The way they spend at times makes me wonder if they are going to make war against the whole world.. |
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