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Debt from previous Administrations
Top 10 Countries the U.S. Owes Money To
Posted from people.howstuffworks.com
China
White House
Posted >1 y ago
Responses: 8
7
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The US government needs to never default on governmental bonds because doing so would significantly increase the interest rate. Right now US government bonds are considered the safest investment in the world thus the low interest rate.
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MAJ Ken Landgren
SGT (Join to see) - It really is amazing how GOP supporters overlook all the wrongs Trump has committed. They like his in your face Trump posture, but that posture also leads to stupidity like attacking McCain and Powell after their deaths. He uses hate and the followers eat that up.
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LTC Joe Anderson
U.S. GDP Growth Rate 1961-2021
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
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MAJ Ken Landgren
LTC Joe Anderson - Trump's average GDP growth was 1% annually, but he talked about 3-4% GDP growth per year.
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LTC Joe Anderson
MAJ Ken Landgren - Your numbers don't match the facts. Do the research. Your claim isn't supported by facts. You rely heavily/solely on 2020 to justify your 1% GDP claims. 2017-2019 GDP's showed positive gains. Only three countries had a positive GDP in 2020. The few that did, didn't shut down. Economists are not using any 2020 GDP numbers to determine a countries Economic success or worth. Why? See for yourself, here are some 2020 worldwide GDP's; Switzerland -2.87, Germany -4.9, Canada -5.4, UK -9.79, Hong Kong -6.08, France -8.11, Belgium -6.28, Austria -6.59... Economists will be looking heavily at this years worldwide GDP and who recovers best after the shutdown to determine economic viability. Not factoring 2020 Trump had the same GDP average as Obama in 8 years. Now if you want to argue about the best GDP ever that Trump boasted about? I would agree with you that he did not have the best GDP ever. The best GDP ever goes to Reagan 7.24 (1984), followed by Johnson 6.5 (1966), and Kennedy 6.1 (1962). Do I agree with Trump’s spending of trillions and the economic bailout checks of over a trillion dollars? 100% NO!!!!!! I donated my economic stimulus checks to families I felt could use the money (Three small business owners who were forced to shut down against their will. 2 restaurants and a Barber.).
I realize you hate Trump because he pissed in your corn flakes or something like that. I don't care about him either way. He's gone. But to trying to rewrite history to vent your frustrations doesn't work either. The Orange man is gone, take a breath. Why not talk about the Geriatric Muppet in office nows accomplishments and what he's doing for the country. Unfortunately the Gallup poll is currently reporting that 64% of independence like myself do not approve of his job to date. One reason. The 1st thing he did in office was to shut down crucial US petroleum production and supplies. Then he requested OPEC pick up the slack. To which they said, "NO." How's your gas tank liking that decision? Real smart move. Forget the last dude and concentrate on this one. At the moment we have bigger things to worry about if we want any sort of economic recovery within the next 2 years. Which is when Biden said (in the CNN Town Hall the other night) he expected the economy to turn around. That's not good.
https://www.macrotrends.net/countries/USA/united-states/gdp-growth-rate
I realize you hate Trump because he pissed in your corn flakes or something like that. I don't care about him either way. He's gone. But to trying to rewrite history to vent your frustrations doesn't work either. The Orange man is gone, take a breath. Why not talk about the Geriatric Muppet in office nows accomplishments and what he's doing for the country. Unfortunately the Gallup poll is currently reporting that 64% of independence like myself do not approve of his job to date. One reason. The 1st thing he did in office was to shut down crucial US petroleum production and supplies. Then he requested OPEC pick up the slack. To which they said, "NO." How's your gas tank liking that decision? Real smart move. Forget the last dude and concentrate on this one. At the moment we have bigger things to worry about if we want any sort of economic recovery within the next 2 years. Which is when Biden said (in the CNN Town Hall the other night) he expected the economy to turn around. That's not good.
https://www.macrotrends.net/countries/USA/united-states/gdp-growth-rate
U.S. GDP Growth Rate 1961-2021
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
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ATTENTION!!! CLINTON TAXED THE RICH AND GAVE US A SURPLUS!!!!!!!
Every piece of BS the right spews about not taxing the rich goes out the window with this little true fact. But the GOP has never let little things like truth and facts get in the way of their lies!!
Every piece of BS the right spews about not taxing the rich goes out the window with this little true fact. But the GOP has never let little things like truth and facts get in the way of their lies!!
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MAJ Ken Landgren
Practically everything Trump promised he failed at. He said reducing corporate taxes will dramatically increase the economy, but it did not. Corporations conducted stock buybacks if they had excess funds.
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Better to laugh about it than cry about it I guess.... Not only do we owe a flat out 22 trillion dollars to some pretty big players, we've also pissed away all of America's Retirement funds, over 6 trillion worth... that's why the debt is over 28 instead of just 22.....
The really funny thing, the topper, is US Securities, this debt, is the safest money in the world lol....
The really funny thing, the topper, is US Securities, this debt, is the safest money in the world lol....
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