Can you explain why the debt jumped so much overnight?

2015-11-04T07:29:46-05:00

http://www.washingtonexaminer.com/u.s.-national-debt-jumps-339-billion-after-ceiling-is-lifted/article/2575568

National debt jumps $339 billion after ceiling lifted

The U.S. national debt jumped $339 billion on Monday. The gov't owed $18.153 trillion last Friday.

Response by PO1 John Miller made Nov 4 at 2015 7:31 AM

2015-11-04T07:31:03-05:00

I'm sure a lot of it has to do with the $150 billion CONgress just stole from Social Security.

Response by PO3 Private RallyPoint Member made Nov 4 at 2015 7:33 AM

2015-11-04T07:33:30-05:00

They are using accounting trick to hold back the "debt". :) so when the ceiling lifted ... they just dump it all in ...

Technically, they already shot pass the ceiling even before they lift the ceiling ....

Response by PVT Robert Gresham made Nov 4 at 2015 7:45 AM

2015-11-04T07:45:04-05:00

SSgt Alex Robinson Probably for 339 one billion dollar gas stations in some obscure country who didn't really need it in the first place.

Response by SSG Private RallyPoint Member made Nov 4 at 2015 7:49 AM

2015-11-04T07:49:10-05:00

I can! The debt of our nation is something that those in Washington do not care about at all. It's like play money, why not spend it! At least that is what I imagine they say. As long as they vote for their own raises, I guess not much else matters. Sad really...

Response by MSG Private RallyPoint Member made Nov 4 at 2015 9:51 AM

2015-11-04T09:51:52-05:00

$100M or so to Syrian refugees, $45M for a gas station that doesn't work, plus whatever other monies we don't know about that we are sending out but never getting anything back in return. While I am not the best when it comes to economics and finance, but wouldn't common sense dictate that if you owe money to others (and don't have that money to pay back) then why send out other money to other people in other countries that won't pay it back? It's like saying "I have 5 apples, but I owe 10 apples to bob. I am going to give 20 Apples to Alice."

Response by Capt Seid Waddell made Nov 4 at 2015 10:21 AM

2015-11-04T10:21:35-05:00

The limit on their credit card was lifted, and the spending went unchecked. The GOP signed away all of its leverage to avoid a fight with the spendthrifts.

Response by SFC Michael Hasbun made Nov 4 at 2015 11:54 AM

2015-11-04T11:54:44-05:00

New DLC was released for Call of Duty ;)

Response by MSG Private RallyPoint Member made Nov 4 at 2015 12:43 PM

2015-11-04T12:43:41-05:00

If your house fills with shit do you A) Raise the ceiling or B) Clean out the shit? While raising the debt limit is now a necessary evil to keep our country from going third world, we never should have reached this point to begin with.

Response by CDR Michael Goldschmidt made Feb 16 at 2016 6:08 PM

2016-02-16T18:08:36-05:00

ONE WORD ANSWER: Spending.

Response by CDR Michael Goldschmidt made Feb 16 at 2016 6:09 PM

2016-02-16T18:09:31-05:00

What PO3 Private RallyPoint Member said.

Response by Lt Col John (Jack) Christensen made May 22 at 2023 10:16 PM

2023-05-22T22:16:41-04:00