The National Debt as of September 2017 is $20,162,175,797,904 that is 20 trillion, 162 billion, 175 million, 797 thousand 904 dollars. $14 trillion of it is owed American Cit... moreThe National Debt as of September 2017 is $20,162,175,797,904 that is 20 trillion, 162 billion, 175 million, 797 thousand 904 dollars. $14 trillion of it is owed American Citizens and US entities in the form of Treasury Bills, Notes, Bonds and Savings Bonds. China is owed $1.15 trillion. Japan is owed $1.13 trillion. Ireland is owed $270 billion. Cayman Islands are owed $260 billion. Brazil is owed $258 million. Other countries are owed other amounts.The Deficit (difference between our revenue and what we spend) as of Fiscal Year 2017 is $559 billionSpending $ 3.96 trillionRevenue 3.4 trillionSo aren't we really broke? How can we shortfall income/spending by over half a trillion and seriously consider tax cuts? Won't that increase the deficit?Are we ever going to pay foreign countries what we owe them? When and how? What if they ask for all of it ON DEMAND? What happens then? If we can't afford to pay our own debts how can we afford to send other countr... less
I’m a year away from graduating college (and therefore officially entering the real world), so I’ve decided it’s time to break away from my walmart money card and... moreI’m a year away from graduating college (and therefore officially entering the real world), so I’ve decided it’s time to break away from my walmart money card and open my first bank account. I’m trying to decide on which bank to use; there’s so many choices it’s overwhelming, but I’ve been doing a lot of research, and I just want some feedback from other people about their banking experiences.
What if everyone who lives and works in America donates 1% of one month's income, one-time only, including all billionaires and those with work visas and green cards. Exclude only ... moreWhat if everyone who lives and works in America donates 1% of one month's income, one-time only, including all billionaires and those with work visas and green cards. Exclude only those who are below the poverty line. How much more wall could that pay for? All?
