«Breaking News» National debt hits new milestone, topping $22 trillion

The national debt has passed a new milestone, topping $22trillion for the first time.

The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01trillion. 

It stood at $19.95 trillion when President Donald Trump took office on January 20, 2017.

The debt figure has been rising at a faster pace following passage of Trump's $1.5trillion tax cut in December 2017 and action by Congress last year to increase spending on domestic and military programs.

 The national debt has passed a new milestone, topping $22 trillion for the first time

Michael Peterson, head of the Peter G. Peterson Foundation, says 'our growing national debt matters because it threatens the economic future of every American.'

Peterson said that interest on the national debt already costs more than $1 billion daily, and 'as we borrow trillion after trillion, interest costs will weigh on our economy and make it harder to fund important investments for our future.'

The national debt is the total of the annual budget deficits. 

The Congressional Budget Office projects this year's deficit will be $897 billion, which would be a 15.1 percent increase over last year's imbalance of $779 billion. 

The CBO is projecting that the deficit will keep rising in coming years and will top $1 trillion annually beginning in 2022 and never drop below $1 trillion through 2029.

Much of the increase will come from rising costs to fund Social Security and Medicare as baby boomers retire.

The Trump administration contends that its tax cuts will eventually pay for themselves by generating faster economic growth. However, that projection is disputed by many economists.

It stood at $19.95 trillion when President Donald Trump took office in Jan 2017

Link hienalouca.com

https://hienalouca.com/2019/02/13/national-debt-hits-new-milestone-topping-22-trillion/
Main photo article The national debt has passed a new milestone, topping $22trillion for the first time.
The Treasury Department’s daily statement showed Tuesday that total outstanding public debt stands at $22.01trillion. 
It stood at $19.95 trillion when President Donald Trump took office on January 20, ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





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