Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Joe Biden -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (9556)	9/18/2023 8:31:41 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 12185

Q. What do Pres. Xiden and Edward Smith have in common? ++++ US Debt Rises Above $33 Trillion For The First Time, Soars By $1 Trillion In 3 Months by Tyler Durden Monday, Sep 18, 2023 - 01:30 PM On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special ( at least for Masons) number of 33 in two weeks. We were off by 2 days, with the US treasury naturally obliging by hitting the number early rather than late. Today, the Treasury announcedthat for the first time, total US debt has surpassed $33 trillion, rising by $56 billion in one day,and by a mindblowing $1 trillion in just the past 3 months! [url=][/url] The historic breakout takes place just weeks before the interest on total Federal debt is set to hit $1 trillion, surpassing how much the US spends on defense - and soon after - every other outlay category. [url=][/url] Finally, for those who expect a happy ending, we have one word: "don't." Here is the CBO's latest debt forecast. It shows that US debt is now set to hit $50 trillion by 2030 (probably much sooner though), and then proceed exponentially higher until the US currency finally collapses. [url=][/url]