Federal Debt Increases for 60th Straight Fiscal Year

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CNS News: The total federal debt climbed by $671,455,302,116.72 in fiscal 2017, making 2017 the 60th straight fiscal year in which the federal debt has increased, according to the official numbers published by the U.S. Treasury.

At the end of fiscal 2016, the federal debt stood at $19,573,444,713,936.79. By the end of fiscal 2017 (which closed on Sept. 30), it was $20,244,900,016,053,51.

The last fiscal year in which the federal debt declined was fiscal 1957. more …

Opinion: And it’s not just Federal debt, but credit card debt and student loan debt are at record highs, yet the main goal of the Trump administration is to cut taxes.

How crazy are we:

  • George W. Bush when warned about debt/deficits by Sec. O’Neil did not respond
  • Barack Obama called George W. Bush’s debt un-American then doubled it
  • Fed Chair Yellen told Congress Treasury debt is unsustainable
  • Donald Trump raised eyebrows by suggesting we could refinance the debt
  • On September 12, 2017 Congress raised the debt ceiling for the 74th time

The wisest man that ever lived said this: “The rich rule over the poor, and the borrower is slave to the lender” Proverbs 22:7

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