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Bipartisan worry grows over
national debt, which now
totals $85,210 per person

Original Article

Posted By: Ida Lou Pino, 4/3/2021 8:43:59 PM

A bipartisan group of lawmakers is warning that the national debt –– now estimated to total $85,210 per person –– poses an imminent threat, especially if interest rates spike. The U.S. government has spent around $6 trillion during the coronavirus pandemic, in addition to regular government appropriations. The $6 trillion figure does not count the $1.9 trillion American Rescue Plan that President Biden signed a few weeks ago. The deficit set a record in FY2020 at $3.13 trillion. And the national debt has hit a record $28 trillion.


How much was that? $82,510? What - - oh, it's $85,210? Oh, OK - - OK - - I think I've got - - I think I've got it here. Let's see - - $100 - - $200 - - $300 - -$350 - - $370 - - - - - -

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Reply 1 - Posted by: Northcross 4/3/2021 9:00:19 PM (No. 744049)
This bipartisan group doesn't stand a chance when the majority of both parties is perfectly happy to spend other people's money with no accountability.
37 people like this.

Reply 2 - Posted by: RuckusTom 4/3/2021 9:12:25 PM (No. 744059)
That's $85k owed by every man, woman and child in the US. Did you see the report earlier that China is dropping the dollar as its exchange currency when dealing with Iran and Asian countries? Those excess dollars are going to flood back home. And the main way to pull excess dollars out of the economy is to raise interest rates or raise taxes. There's a big difference between 0% on $30T and 20% or 30%. There's also a big difference in handing over 95% of your paycheck to pay for the military, SS, Medicare and Medicaid (and welfare). Of course, they can just print more fiat currency and we can pay $200 for a gallon of gas. Why not? It's just paper.
15 people like this.

Reply 3 - Posted by: Anti_democRAT 4/3/2021 9:28:05 PM (No. 744076)
About time. Stop spending!
14 people like this.

Reply 4 - Posted by: billsv 4/3/2021 9:30:40 PM (No. 744080)
Stop all these trillion dollar spending bills and repeal those this year. Have no more continuing resolutions. Repeal the Congressional Budget and Impoundment Control Act of 1974 that automatically increases the budget each year, Eliminate the Federal employee unions. Move all none military government agencies to the hinterlands that will cause many employees not to go. Increase the age for Social Security and Medicare to 70 or revise Medicare to a system that pays folks to go to private insurance. Cut taxes to spur economic growth including corporate taxes to near zero as the consumer pays for them anyway. Move all manufacturing from China to the US.
24 people like this.

Reply 5 - Posted by: Phantomll 4/3/2021 9:32:12 PM (No. 744082)
A trillion here, a trillion there...
10 people like this.

Reply 6 - Posted by: LC Chihuahua 4/3/2021 9:54:24 PM (No. 744094)
They let the debt grow to 5 trillion, and then 10, and then 20. Now its approaching 30. They haven't worried about the debt in the past. They aren't going to worry about it now. Quite the opposite is happening. They are coming up with lame excuses to rationalize the debt not being a threat. Exhibit A that our government does not govern: They do nothing about the debt. Its both parties too.
21 people like this.

Reply 7 - Posted by: A.I. 4/3/2021 10:24:17 PM (No. 744106)
Reparation expenses are not yet included in the bill.
11 people like this.

Reply 8 - Posted by: lakerman1 4/3/2021 11:27:47 PM (No. 744144)
Too late to change course, in my opinion. Things went off the rails during the presidency of George W, Bush, accelerated during Barack Obola's presidency, and while we may not want to admit it, President Trump didn't change course. And now Dementia Jo's handlers are turning us into New Zimbabwe.
18 people like this.

Reply 9 - Posted by: 24tea@Mag 4/3/2021 11:51:07 PM (No. 744159)
If so worried than impeach the spender. We, the taxpayers, will never see what the spending buys, but the non-taxpayers will benefit.
9 people like this.

Reply 10 - Posted by: GoodDeal 4/4/2021 12:22:20 AM (No. 744167)
Meaningless analysis. Considering how much land the federal government owns in the country The national debt could be paid off in weeks if they started selling some of it and giving mining leases and oil and gas leases with royalties going to the government to pay it all off. We have collateral that can be cashed in.
14 people like this.

Reply 11 - Posted by: Trigger2 4/4/2021 2:51:44 AM (No. 744185)
Bipartisan means 1 or 2 demonrats against all those republicans.
4 people like this.

Reply 12 - Posted by: Trigger2 4/4/2021 2:54:19 AM (No. 744186)
By the way, with all this debt, interest rates are going to skyrocket again. All that tax money flowing to the goobermint is going to go for interest alone. Think what this will do to income tax and other tax rates that the public will have to soak up.
5 people like this.

Reply 13 - Posted by: F15 Gork 4/4/2021 6:51:17 AM (No. 744244)
If 85K would get this corrupt, lying government off my back for good, I’d gladly write them a one time check for that amount......of course with these criminals enough is never enough. They must have it all.
10 people like this.

Reply 14 - Posted by: Petronius 4/4/2021 7:03:32 AM (No. 744253)
But idiot AOC just said we need to spend 10 trillion more.
12 people like this.

Reply 15 - Posted by: Red Jeep 4/4/2021 7:17:48 AM (No. 744258)
Isn't the national debt a fiction to be used as a reason for raising taxes when politicians want to punish the successful? The idea that we owe China much of this money must be fiction too or we have really stupid politicians borrowing from an enemy. What we have for a government now is so disgusting
8 people like this.

Reply 16 - Posted by: udanja99 4/4/2021 7:40:11 AM (No. 744267)
Cloward Piven, friends. Overwhelm the system. Usher in socialism.
14 people like this.

Reply 17 - Posted by: Strike3 4/4/2021 7:41:32 AM (No. 744268)
Oh no you don't. I don't accept responsibility for the spending of Zero, Xiden and George Bush's Middle East adventures. Divide our huge tens of trillions in debt by 535 and three negligent presidents and you will have the accurate number. Clinton, as bad as he was, can not touch the spending habits of these three uniparty Treasury and bank abusers. Low intelligence and free-spending are what built up our national debt, not We the People. I have probably paid that $85,210 in taxes over the past few years.
6 people like this.

Reply 18 - Posted by: Saryden 4/4/2021 8:13:06 AM (No. 744293)
Now there is the push to legalize marijuana... that has been Soros' desire for decades since he sells it... like the drug dens on every corner of China were to neutralize opposition to communism. That should soak up any excess $$ coming back from China's dropping of the dollar in Asian dealings. From "globalism" to communism to muslimism... that's where the world is headed. Not nice for our descendants!
3 people like this.

Reply 19 - Posted by: Sorosisbehindit 4/4/2021 8:28:04 AM (No. 744310)
Most of that is to China and we need to send them a covid bill to offset it.
5 people like this.

Reply 20 - Posted by: franq 4/4/2021 8:40:52 AM (No. 744333)
Not to worry. This summer Zhoa will forgive all the debt by Executive Order.
1 person likes this.

Reply 21 - Posted by: beancounter 4/4/2021 9:24:05 AM (No. 744392)
How many of these politicians voted for Biden’s stimulus bill? How many voted for the vast pork spending bills in December? This is just a warm up for the tax increases to pay for what they already spent.
3 people like this.

Reply 22 - Posted by: Venturer 4/4/2021 9:36:23 AM (No. 744405)
I have no problem with raising taxes to pay down the debt. \My problem is with raising taxes and still raising the debt so we can send money to foreign countries, feed illegals, reward political contributors and make rich people richer.
0 people like this.

Reply 23 - Posted by: zephyrgirl 4/4/2021 9:39:14 AM (No. 744406)
Trust me - the only cuts the Dems will support are cuts to the Defense budget.
4 people like this.

Reply 24 - Posted by: Foont 4/4/2021 9:49:09 AM (No. 744414)
Our rulers are worried about debt? HA HA HA HA HA HA HA HA!!! Tell me another one.
2 people like this.

Reply 25 - Posted by: little guy 4/4/2021 9:55:56 AM (No. 744420)
The real problem here is that more than half of America doesn't work now. And does anyone really believe that all those illegal aliens crashing our border will pay their fair share now that they're here? Really?? This $85k figure just assumes it is "everyone's" share. It's not! In reality, it will fall on the backs of the 75 million Trump votes --- so it is closer to $382,500 per Trump voter. The new Keynesian theory of macro-economics is that the government floods the economy with cash that is merely printed. Let it circulate around for awhile making prices go up on everything by about 25% ... and then tax it all back! Then do it again! Flood out newly printed cash --- take it back a year later with higher taxes. The newest idea being floated is to just take 20 to 30% immediately out of everyone's IRA/401k and transfer it over to the government. Why should they wait to get their share seeing you will pay that amount when you withdraw it? The government needs your help now ... so cough it up.
2 people like this.

Reply 26 - Posted by: MDConservative 4/4/2021 9:57:54 AM (No. 744424)
Spare me the "concern". Government, with the blessings of Congress and two US Presidents, whiz away trillions from an already empty Treasury vault...and now the warnings fly. What is a dollar worth anymore? The melt weight of 100 pennies.
2 people like this.

Reply 27 - Posted by: red1066 4/4/2021 10:07:01 AM (No. 744434)
It's already too late. Say hi to double digit inflation.
4 people like this.

Reply 28 - Posted by: Dodge Boy 4/4/2021 10:26:56 AM (No. 744451)
NOW they speak up. Well, too little too late. The Aftershock will strike soon. With biden the cheater and kamalie at the helm and an adoring msm covering for them. Such a bright future to look forward to in Amerika, no? Thanks chicoms.
3 people like this.

Reply 29 - Posted by: snowoutlaw 4/4/2021 11:15:39 AM (No. 744493)
Newt was the last one to balance the budget 30 years ago and they got him kicked out of congress. Now days they don't even have a budget so there is no way.
1 person likes this.

Reply 30 - Posted by: bogeegolf 4/4/2021 11:43:02 AM (No. 744524)
Drain all the politician’s bank accounts and sell their houses to pay it off. Water board them to make sure we got it all.
2 people like this.

Reply 31 - Posted by: MindMadeUp 4/4/2021 11:50:02 AM (No. 744529)
Well, as long as these law makers are "concerned" about it and issue some warnings, I guess they may look good get some conservative votes. And that's all that really matters. To them.
1 person likes this.

Reply 32 - Posted by: Schnapps 4/4/2021 12:10:24 PM (No. 744546)
The last Democrat to run for president promising to balance the federal budget was Paul Tsongas in 1992. Anyone remember him?
1 person likes this.

Reply 33 - Posted by: WV.Hillbilly 4/4/2021 3:17:41 PM (No. 744675)
They're not worried about the spending. What they're worried about is how to raise the revenue. Guess who's going to pay?
2 people like this.

Reply 34 - Posted by: janjan 4/4/2021 4:11:20 PM (No. 744698)
Nothing is bi-partisan in Washington. Their concern is touching but it should have started 10 years ago. It is too late now. We will never be out of debt because they never stop spending. Why would they? Spend what is not yours and if you run out just print more.
1 person likes this.

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