₦airaland Forum

The U.S. debt is the sum of all outstanding amounts owed by the federal government. As of February 2020, it exceeded $23 trillion.1 The U.S. Treasury Department tracks the current total public debt outstanding, and this figure changes daily. The debt clock in New York also tracks it.

Nearly 75% of this debt is held by the public.2 The government owes this to buyers of U.S. Treasury bills, notes, and bonds, including individuals, companies, and foreign governments.

The remaining quarter is intragovernmental debt. The Treasury owes this debt to its various departments who hold government account securities, such as Social Security, which is one of the biggest owners. These government account securities have been running surpluses for years, and the federal government uses these surpluses to pay for other departments. These securities will come due as baby boomers retire over the next two decades. Since Social Security and trust funds are the largest owners, the answer as to who owns the U.S. debt is basically everyone’s retirement money.

America's debt is the largest sovereign debt in the world for a single country. It runs neck and neck with that of the European Union, which is a unified trade body of 27 member countries.
The national debt is greater than what America produces in a whole year. This high debt-to-gross domestic product ratio tells investors that the country might have problems repaying the loans. That's a new and worrying occurrence for the U.S. In 1988, the debt was only half of America's economic output.3

How the U.S. Debt Got So Large
The chart below tracks U.S. debt from 1989 to 2019. It has increased by more than 680% during that time. In September 2019, the end of the government's fiscal year the national debt was about $22.7 trillion.4 This figure includes both debt held by the public and intragovernmental debt.


Article Sources
Office of Management and Budget. "A Budget for America's Future," Page 6. Accessed Feb. 12, 2020.

VanEFCC:
Poverty is Vanity Too

Lol, don’t mind him

Let it be known that Abia State In General Is Dead

Nonsense with No Sense

22 and so dreaded?

Nawa o

All I see are two confused, bleached, hyped Olosho.

Do you know that 80% of girls that bleach are extremely dirty girls who want to use the quick fairness to cover up their piggy lifestyle.

Okeychuks12379o:
President Buhari is Dead Today so Sad >>>> https://www.nairaland.com/5410930/president-buhari-dead-today-sad

6

Thunder!!

What’s wrong with blacks?
Who’s Bole Boy?

Michael Jackson never asked anyone out of his show.

Nawa o

Lol.
This will Trend on Nairaland for A Week

Bunch of Excos

Now this is Annoying

Living to impress people and to standout are the beginning of all evil. If not what would A sane human from a place that has people that need help be doing with a 54,000,000 car?

54,000,000 can feed the whole people in my Local Government For One Week!!!

54,000,000 can empower 54 Youths in my village with 1 million Naira each!

I’m no way a hater but I believe In helping one another, even animals help themselves when feeding.

There has been constant power supply and water in the whole Ekiti since this news was published.

And my dead grandmother just came back to life.

What a NEWS

T

Allahisgreat880:
Watch few video in the link below

BIG FOOL

Which Kind Lie Be This?

Sometimes I wonder if these people think we are dummies.

Just imagine Lie?

You would have as well told us that the person in the video is 春丽 the imposter from China and not you

Sometimes we shouldn’t blame the government for everything.
It’s definitely another batch of Corpers that destroyed the ceilings.

#MyThoughts

D

raquel97:
But wait o, how is this our business

How’s your comment their business too?
Did they ask you to open and read?

Y

�

I’m optimistic that he will perform well than the order

Please the FG should merge Abia State back to IMO State or all the statues rejected in Imo State should be send down here, there’s no infrastructure here or even Any statue Of our own.

Acquiring private jet is different from acquiring a car. When you buy a car, you can either drive it yourself or hire an experienced driver that doesn't cost you much, you can either maintain it at a company mechanic or private mechanic, you can purchase direct insurance or third party insurance, and finally you park your private car in your compound or car parks.

This is not the same with a Jet. Purchasing a jet is like opening a spending account, you need an expert and certified pilot to fly the jet. Pilots are not paid peanuts. Nigerian owners of private jets go for foreign pilots. To pay pilots in dollars costs the church millions of naira a year. The jet must be certified air worthy meaning regular maintenance by the company that produces the jet (cost tens of thousands dollars or millions of naira to keep jets air worthy). You need to pay yearly insurance for the jet which costs thousands of dollars yearly. Private jet doesn't land inside your compound, you pay airports landing fees which could cost millions of dollars depending on how many airports the jet flies to. You cannot park a private jet in your compound, you can only park at an airport, this means you have to spend millions a year for parking rights at the airports. Jets use special kind of fuel, meaning you have to pay thousands of dollars or millions of naira a year for fueling of the jet fuel.

So for people of this church and other churches thanking God that their pastors acquire unending expenses, is this how you want your tithes, offerings and donations spent? How about using them to build health centers that offer church members free and quality health care? How about building and equipping schools that church members wouldn't pay school fees? How about building factories that church members can work and earn a living while the church makes income? Think about it.

A small family church of nearly 100 members in Canada have sponsored over 70 African children from kindergarten to university in the last 15 years. They never met these children and have no relationship with them. I attended a program where some of these sponsored Africans from different countries came to meet and thank these foreign strangers who from their hard earned money raise them from nothing to something. This is what the work of God looks like. Acquiring a private jet is not God's favor, it is a venture that costs you a fortune. Blessings of God doesn't put you under pressure. If you claim that the pastor used his own money, what was his business or job before becoming a pastor. If you claim that the jet was donated to him, will the giver also pay all the yearly expenses attached to having a jet.

As the head of the sovereign state as well as the religious leader of 1.2 billion Catholics worldwide, and with the rate he makes international travels, the Pope should have fleets of supersonic jets. No! the Pope don't have jets because of cost of operation and maintenance. The state of Vatican pays Alitalia to convey the Pope wherever he is going on a public chartered flight including for the officials traveling with him. The journalists and other non officials traveling with him pay for their tickets to the Alitalia. The country he visits return him back to Vatican with their own plane.

The Pope is not just a religious leader, he is also the sovereign leader and head of state of the sovereign state of Vatican. He travels an average of 10 countries a year. This is why the Charitas is the world's biggest religious humanitarian organization helping billions of people around the world. The money that could have been spent on maintaining Pope's jets are given to Chritas and other Catholics humanitarian organizations around the world providing healthcare, education, skill acquisitions, humanitarian assistance and financial assistance to billions of poor people around the world. This is what Christ will do if He is to be living in our time. He is the messiah and Lord of all things, yet he borrowed a boat to preach on, he borrowed bread and fish to feed the people, he borrowed a donkey to ride on to Jerusalem and after his death a rich man donated his own grave because Jesus did not have a grave on his name. Think about it.

The archbishop of Canterbury who is the head of all Anglicans travels for the work of God on a public flight, the heads of Methodist, Presbyterian, Lutheran, Orthodox churches worldwide travel on public flights for the work of God, the chief Jewish rabbi travels on public flight for the work of God, the patriarch of Russia travels on public flight, the grand imam of Egypt travels on public flights to religious functions. These are internationally recognized religious leaders with millions of followers around the world. But local pastors of churches in Nigeria want to own private jets to do the work of God and these pastors minister in a country with the most poorest people on earth. What's really wrong with Nigerians? Do you know?

Copied from Oblong Nnadi post.

I Keep Loving This Man Everyday.

So Peaceful and Full Of Honor

A

I Can’t Wait To See and Enjoy How PMB Will Beat That Atikuief

Can You Imagine?
Ordinary Atiku Challenging PMB

So hilarious

StrikeBack:
140k and slightly negotiable
Abiodun1899atgmail.com

I’m not into emails, give me a “Nigerian” means of communication

StrikeBack:
Hp envy 360 core i5- 5200U
8gb ram 500gb
Touch screen
Keyboard light
3 hours battery life
2 hours plus for media
Screen size 15.6
Windows 10 Home
Clean ...
2.20GHZ speed

How much? And your contact?

Singer?

You Mean In Her Church?

RIP to her Mom Anyway

S

Sai Baba ��