US hits 34 trillion debt

[NeoMetallix]

Some context: US debt increased by...

• $1 trillion in the past 3 months
• $2 trillion in the past 6 months
• $4 trillion in the past 2 years
• $11 trillion in the past 4 years

Of course this is all fake, the national debt isn't the only debt. US total debt is 97 Trillion with 211 Trillion in unfunded liabilities (this is debt). Add it all up and you have 308 Trillion worth of debt. It's on a exponential increase that won't stop unless we ditch our debt based monetary system and stop spending out of our means.

https://usdebtclock.org/

 

[Webster]

Spending money we don't have to fund things we either don't need and/or aren't constitutionally mandated to do...

 

[MrDawn]

Spending money we don't have to fund things we either don't need and/or aren't constitutionally mandated to do...

That's why when a country goes bankrupt, they end up re- negotiating the terms behind the debt to get out of the shit hole they're in whether that's foreign aid or money. It happened to Greece in 2015. When this happened, they looked to Germany to pay back the money they took, including reparations from WW2. The Greek Supreme Court mandated that Germany pay some of that money back and it was a major bailout fee.

Were Germany to pay reparations for the whole of the destruction it caused during the war–the Nazis were estimated to have been responsible for the deaths of some 35 million people–it would be bankrupted many times over. Instead, what Greece is primarily looking for is restitution of credit Greeks were forced to give Germans during the war. Essentially this is payment for Greek goods that were “bought” with credit issued by the German central bank. Although the Syriza government has argued Germany owes Greece more than €150 billion, the actual figure is probably less than a tenth that–in the order of €11 billion to €13 billion based on guesstimates using GDP calculations–argues Albrecht Ritschl, an economic historian at the London School of Economics.

Does Germany Owe Greece War Reparations? – The Short Answer

Greek Prime Minister Alexis Tsipras on Sunday threatened to open up a whole new can of worms in Europe, arguing that Germany should repay Greece for debts it incurred as an occupying force during the Second World War.

www.wsj.com