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The U.S. national debt reached $20 trillion for the first time ever last Friday after President Trump signed a bipartisan bill temporarily raising the nation's debt limit for three months.
While at Camp David, Mr. Trump, with the stroke of his presidential pen, increased the statutory debt last Friday by approximately $318 billion, according to the Treasury Department. Before the bill's completion, the U.S. debt was sitting around $19.84 trillion.
The legislation allowed the Treasury Department to start borrowing again immediately after several months of using "extraordinary measures" to avoid a financial default. The bill passed last Thursday 80-17 in the Senate and in the House 316-90 on Friday. Around $15 billion in emergency funding for Hurricane Harvey recovery efforts was attached to the borrowing measure.
https://www.cbsnews.com/news/national-debt-hits-historic-20-trillion-mark/
[That works out to just shy of $62,000 per American. --Ed.]
(Score: 2) by Sulla on Friday September 15 2017, @03:33PM (6 children)
In my ideal world the millennials would pay into the system but not receive benefits so that we end the cycle with us. But far easier to fuck the future and kick the can down the road.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Friday September 15 2017, @05:13PM (5 children)
In an ideal world, we'd just go around shooting billionaires and taking back what they stole to pay off the debt. They've got enough money between them to pay off about a third of the debt and liquidating them would serve as a strong incentive to the rest of the ultra-wealthy to stop being greedy bastards and let the government run a balanced budget.
(Score: 2) by Justin Case on Friday September 15 2017, @05:21PM (2 children)
Don't forget, in your "ideal world" the billionaires can shoot back.
And they can afford more bullets.
What then? You've established that it is OK to shoot people to take their goods and pay off the debt, so please post your physical address so we can come for you next.
(Score: 0) by Anonymous Coward on Friday September 15 2017, @06:18PM
You're an idiot then. We've established that it's OK to steal from people who got their stuff by stealing from others and destroying the means by which others might become wealthy.
We haven't established the idea that it's OK to steal from random people.
As far as bullets go, those only make a difference if you've got enough personnel to use them. And those people don't decide that it's not worth what they're being paid when they can just loot the place.
(Score: 0) by Anonymous Coward on Friday September 15 2017, @07:12PM
please post your physical address so we can come for you next
https://thepiratebay.org/torrent/12237184/The_Complete_Ashley_Madison_Dump_from_the_Impact_Team [thepiratebay.org]
https://thepiratebay.org/torrent/12256948/Ashley_Madison_2nd_dump_20_GB [thepiratebay.org]
https://thepiratebay.org/torrent/12523982/Patreon_Leak_Complete_SQL_Dump [thepiratebay.org]
https://thepiratebay.org/torrent/16933823/public_database_dump_collection [thepiratebay.org]
(Score: 3, Touché) by istartedi on Saturday September 16 2017, @12:11AM (1 child)
The trick is shooting them all at the same time, because unless your communist revolution is instantaneous and complete, the value of their assets falls to a small fraction of what it once was. The other trick is not letting the middle-class know that the billionaires are actually dead. That way, you still have a functional market into which you may sell the assets of the dead billionaires. Finally, the real trick, and this is where it gets incredibly difficult, is to kill all the bourgeoisie simultaneously. Once again, this is necessary to keep the market from collapsing since it always crashes hard once revolution is afoot. Finally, only the proletariat is left and they have a perfectly functional market that's still worth trillions of dollars. The only trouble is that in order to cash that in, you must sell assets in the market which makes you a dirty capitalist. Therefore, in order for this plan to be fully effective the proletariat must all kill themselves simultaneously so that nobody knows.
Appended to the end of comments you post. Max: 120 chars.
(Score: 0) by Anonymous Coward on Saturday September 16 2017, @04:21PM
wait, can't I just keep the wine collections, the pretty women, and the art collections and high tech stuff, the mansions and fancy cars and all that... without selling it?
i mean if i sold it I would just go buy some anyway, and probably at a loss.
better to communally share the women all to myself and ride around in fast cars and live in a mansion and get drunk on expensive wine than do what you are proposing.
i mean that coke ain't snorting itself off hookers ass--someone has to do it, and as a bourges uh whatever you said middle class, i havent had any of that so I volunteer to be the first to yield to temptation and take the place of a billionaire.
i'll share, i promise