Amidst Ukraine war funding, The US national debt topped $32 trillion for the first time ever.

According to Treasury Department data released on Friday, the gross national debt exceeded $32 trillion for the first time, on Friday, underscoring the country’s unsettling fiscal trajectory as Washington gears up for another fight over government spending.

A Treasury Department report noted the milestone weeks after Congress agreed to suspend the nation’s statutory debt limit, ending a monthslong standoff.

The debt milestone comes two weeks after President Biden signed legislation to suspend the nation’s borrowing limit through the end of 2024.

Despite the White House and negotiators for House Speaker Kevin McCarthy (R-Calif.) agreeing to $1.5 trillion in spending cuts over the next decade, America’s gross national debt is still projected to exceed $50 trillion by 2033.

The Federal Reserve’s raising of interest rates since last year to combat historic inflation is also expected to make interest payments on the national debt more costly than they have been for decades.

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Michael A. Peterson, The Chief Executive Of The Peter G. Peterson Foundation, Which Promotes Deficit Reduction, In A Statement Said:

“We were fortunate to avoid a default under the debt ceiling, but the broader problem is that we keep ignoring the growing debt itself. As we race past $32 trillion with no end in sight, it’s well past time to address the fundamental drivers of our debt, which are mandatory spending growth and the lack of sufficient revenues to fund it"

PGPF.ORG

This is coming just days after US announced additional $325 million in security assistance to Ukraine taking it to $40B in weapons sent to Ukraine so far.

The Biden administration announced an additional $325 million in security assistance for Ukraine, including more rockets, artillery and armored vehicles, bringing total weapons pledged to the country amid its war with Russia to $40 billion.

"The funds are part of a presidential drawdown package, meaning the weapons and equipment will be taken from U.S. military stockpiles, and include “critical air defense capabilities, additional munitions for High Mobility Artillery Rocket Systems, artillery rounds, anti-tank weapons, armored vehicles, and other equipment essential to strengthening Ukraine’s forces on the battlefield,” Secretary of State Antony Blinken said in a statement.

https://www.google.com/amp/s/thehill.com/policy/defense/4047788-us-hits-40b-in-weapons-pledged-to-ukraine-with-new-325m-lethal-aid-package/amp/

I think its right time US start coming to term with the fact that they are no longer world power. We are now in a multi-polar world where every one is a king.

They cant keep warmongering around, sponsoring wars in different continent at the detriment of their citizens. They keep sending billions of dollar of military aid to Ukraine, and yet, Russia keeps smoking them all. Billions of US taxpayers money flush down the drain. Again and Again.

Over time , we've had the Persian empire, Spanish Empire, Ottoman Empire, Mongol Empire, Ummyyad Caliphate as world power. We've even witnessed the British empire and German empire which at one time dominated the world. The US should accept reality too. Nothing last forever. The world is now becoming a multi-polar world.

Forcing LGBTQ on weak nations, rallying other partners-in-crime countries from EU and NATO to sanction Africans countries by stopping trade with them when they reject the demonic way of life; does not make one a world power, it is an act of bullying.

Also, US need to know that; Instigating, Sponsoring, and funding different wars even when they are exceeding their debt limit is an act of desperation, more of last kicks of a dying horse.
Just like the other 'ex-world powers' aforementioned, US time as world power is up. It is reality and happening fast.

And they are busy pushing gay laws down our throats. We must do everything to protect our men.

Now The citizens will bear all this in taxes for war wey no concern them

Just because US wants to prove a point

lhordspy:
I think its right time US start coming to term with the fact that they are no longer world power. We are now in a multi-polar world where every one is a king.

They cant keep warmongering around, sponsoring wars in different continent at the detriment of their citizens. They keep sending billions of dollar of military aid to Ukraine, and yet, Russia keeps smoking them all. Billions of US taxpayers money flush down the drain. Again and Again.

Over time , we've had the Persian empire, Spanish Empire, Ottoman Empire, Mongol Empire, Ummyyad Caliphate as world power. We've even witnessed the British empire and German empire which at one time dominated the world. The US should accept reality too. Instigating, Sponsoring, and funding different wars even when they are exceeding their debt limit is an act of desperation, more of last kicks of a dying horse.

Na still US dey responsible for Islam bombing? 😭. Please,when will you address the useless religion that keeps disturbing our peace with their terrorist activities? Since you say US no go rest for your hand. Or US complain give you say Dem don tire to send aide?☹️
Every country owes money, and the US is not excluded! 🤷‍♂️

If you like wail from now till tomorrow, USA remains the world power, and they will continue to deal with all terrorist countries.
US Neva tire, no worry.
Till you go comot this Earth, USA will always be king, and there's nothing you people will do about it. Rather than the US to get destroyed, the whole terrorist Islam country sef go go down! 💣💣💣

America, their America.

Some Nigerians with itching fingers will be on the keypads now saying Nigeria's debt profile is commendable.

Most of them have forget the fact that a large percentage of the Nigeria populace are yet to enjoy the dividends of such loans/debt but praise singers will sing praise songs.

America is a shiithole country. The most stvpid Nigerian is one who applies for an American visa

Yes, war is always expensive....after all the British Empire collapsed in part because world war 2 expenses meant that keeping up an Empire got too too expensive.

But at the end, the Russians are also suffering too.

Long and short, Ukraine and Russia should have sat down and sorted themselves out ages ago. Also, Russia better accept that countries will do what they got to do, and Ukraine should appreciate the fact that Russia has been invaded too many times (and they are still suffering from the mess of WW2...)..for them to let their neighbours do as they want.

😬

They want a world war so that they can reset the debt hahaha. Kolework

lhordspy:
Amidst Ukraine war funding, The US national debt topped $32 trillion for the first time ever.


NYPOST.COM
NYTIMES.COM


Michael A. Peterson, The Chief Executive Of The Peter G. Peterson Foundation, Which Promotes Deficit Reduction, In A Statement Said:

PGPF.ORG

This is coming just days after US announced additional $325 million in security assistance to Ukraine taking it to $40B in weapons sent to Ukraine so far.

https://www.google.com/amp/s/thehill.com/policy/defense/4047788-us-hits-40b-in-weapons-pledged-to-ukraine-with-new-325m-lethal-aid-package/amp/

When na LGBT party dem dey throw for White house about,
na dem dey sponsor the BILL around World, eyan BILL GATE.

Us debt will fund nigeria's budget for 100 years at the rate of 100 trillion naira per year and enough change will..remain


I believe the war in ukraine is a means of stealing funds from the US

Almost all the countries of the world will remain slaves of USA if they don't stop prioritise the US dollars.


HOW CAN A COUNTRY HAVE SO MUCH DEBT AND STILL HAVE A STRONG CURRENCY?

HOW?

HOW?

CORRUPT, BULLY AND MANIPULATION ...

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May be China will also take over US , according to Half baked children of frustration

Debt or no debt, US good life goes on

lhordspy:
Amidst Ukraine war funding, The US national debt topped $32 trillion for the first time ever.


NYPOST.COM
NYTIMES.COM


Michael A. Peterson, The Chief Executive Of The Peter G. Peterson Foundation, Which Promotes Deficit Reduction, In A Statement Said:

PGPF.ORG

This is coming just days after US announced additional $325 million in security assistance to Ukraine taking it to $40B in weapons sent to Ukraine so far.

https://www.google.com/amp/s/thehill.com/policy/defense/4047788-us-hits-40b-in-weapons-pledged-to-ukraine-with-new-325m-lethal-aid-package/amp/

The gains of defeating Putin far outweighs the costs being incurred.

Upon the high military budget Putin is beating them combined Nawa. Media propaganda can’t get you victory. A multi polar world is the safest world. If West bully me I’ll run to East if East does the same I turn to West thanks god the super powers are not united it would’ve been a huge disadvantage to developing countries.

Na dem get the Dollars, na dem de print am. So to pay back na dia wahala

If say na African country, Dem no go let hear word.

Ukraine are going to pay this money @40 billion presently spent plus future assistance by the US. it is not free.

that was how the US assisted UK through the lease act and also gave soviet weapons etc during World War 2 in exchange of dollars dominated currency, US military bases foreign policy in favour to the US..that's why all European Western countries are grateful to us by supporting them in n out for delivering them from Hitler.

before currency trading world wide was pounds all the way even down here to Nigeria. that is why any country that wants to shift away from Dollar transaction gets hits by the US.

Nigeria Government wouldn't want to to see this news

If they do eeh, they be like... "so we've not even started"

Agbado people will say they want to copy now.

I need a job in port Harcourt even if it is to sweep your compound I don't mind.
Please help me.
It is better to work honourably than to be a fraudster.
Please help a brother In need.

Baseless funding, baseless wars. I don't know why this country always put mouth in everything that doesn't concern them. As Russian are romancing with African leaders now, they will start serious hatred towards their leaders. Thank God Nigeria too is waking up. They should call them bluff. So many domestic issues happening here that needs urgent attention but it's Russian affairs that concern them more.

That's what wickedness can cause.

ednut1:
They want a world war so that they can reset the debt hahaha. Kolework

World war won't do anything for debt..if anything..it would raise the debt even more.

World war 2 cost all the powers that took part a lot of money...yes even the winning side, yes even the USA.