Do you know where the US National Debt came from?

Do you know where the US National Debt came from?
by

1 Answer

Answer :

Mostly it is the interest charged by the so-called “Federal Reserve Bank” (the fact that it is called ‘Federal’ causes many to think that it is some how related to the Federal government). But the ‘Federal Reserve Bank’ is a privately owned bank that LOANS money to the Federal Government & then adds enough interest so as to keep the United States permanently in debt to the Federal Reserve Bank.
by

Related questions

Why not consider a REAL solution to the soaring national debt?

Description : Why not consider a REAL solution to the soaring national debt?

Last Answer : answer:Time to wipe out ‘civalization’ as we know it and start over methinks. Back to bartering beads and berries. I am self insured now, paying over 15K with a Blue Cross individual plan. I am only 51.Not going to be able to keep this up much longer.

What do you think of the US Navy's new carrier's price tag?(Details)

Description : What do you think of the US Navy's new carrier's price tag?(Details)

Last Answer : I think we should hold off on naval expansion and use the money for investigating government corruption by corporations, and for education and environmental protection, instead.

Should the US go off the fiscal cliff?

Description : Should the US go off the fiscal cliff?

Last Answer : answer:If I were a betting man, I'd say the odds are that we won't go off the fiscal cliff. But it is very close. Things could easily go that way. It would give a lot of stupid politicians ... . Some future cliff or some pushed off cliff is not what I'm talking about. Just this most immediate one.

Why does no one talk about cutting the military budget to pay for social welfare programs?

Description : Why does no one talk about cutting the military budget to pay for social welfare programs?

Last Answer : Actually, the USA has a bigger military budget than all other countries in the world combined. So I am with you, even though I'm not American. For all I am concerned we all cut a few (or ... of our budgets, and improve sectors that need it. Welfare, health, refugees, environment, to name a few.

Do you give any credit to Bush senior for the budget surplus?

Description : Do you give any credit to Bush senior for the budget surplus?

Last Answer : During the campaign when Clinton was first running for office, during one of the debates Bush I was asked what he was going to do about the economy. He stated that he wasn't going to do anything ... But in full answer to the question, I feel neither Bush I nor Clinton did anything for the economy.

Are you disappointed that Trump's military parade is being postponed to 2019?

Description : Are you disappointed that Trump's military parade is being postponed to 2019?

Last Answer : NOT

What are your budget priorities?

Description : What are your budget priorities?

Last Answer : House payment, car payment, utilities, credit card, food, gasoline. But to start with, 10% of my salary goes straight into my savings. Then the bills.

Are you watching the last episode of the Suze Orman show?

Description : Are you watching the last episode of the Suze Orman show?

Last Answer : No. I will keep my record intact. All the years that she has been on, I can honestly say I have never watched her. I will keep my perfect record.

Do you find that you spend on things you usually don’t think of if you have extra cash to do so?

Description : Do you find that you spend on things you usually don’t think of if you have extra cash to do so?

Last Answer : No. I haven’t been an impulse shopper ever. I never did see the thrill in it. Once a decade I buy something high end but it usually lasts forever. 11 years ago I bought a $400 Italian black leather jacket…it’s still going strong and will probably outlive me.

Of your monthly budget, how much goes towards foodstuff?

Description : Of your monthly budget, how much goes towards foodstuff?

Last Answer : We have a family of 5. I’d say food is probably our 3rd largest expense, after our child care and mortgage. It might even bump out our mortgage some months and move to the number 2 spot. We don’t limit our spending on food at all. If there is something we want, we get it.

Dr. wants me to learn domestic skills and nothing else until I am ready. What are some skills do you suggest I learn?

Description : Dr. wants me to learn domestic skills and nothing else until I am ready. What are some skills do you suggest I learn?

Last Answer : Cooking some simple dishes like scrambled eggs, pasta (boil water, add spaghetti, cook, drain add a jar of marinara sauce), a basic soup recipe and salad with oil, vinegar and mustard salad dressing.

How much do you spend a week on groceries?

Description : How much do you spend a week on groceries?

Last Answer : Ya, wow Recently I retired, and I had to budget out all the money for a year, which was easy to do for things like gas and power, telephone, satellite, and such, but when it came to food I was baffled ... if I budgeted high or low, though with my wife's love of eating out, I suspect it is very low.

Why don't busses have GPS for every bus stop?

Description : Why don't busses have GPS for every bus stop?

Last Answer : Too costly and not worth the time to impliment it.

Is it hard for you to budget?

Description : Is it hard for you to budget?

Last Answer : answer:Nope, and I am poor too was poorer in the past. I did a envelope thing. Once I account for my bills I divide up the remainder (yes, I used cash for this) and place a amount I get per ... Ramble. But yeah. I would use daily envelopes so I would always have money on the day before I was paid.

What's your take on the President returning a portion of his salary while Federal workers are on furlough?

Description : What's your take on the President returning a portion of his salary while Federal workers are on furlough?

Last Answer : answer:It's a good public relations gesture, and it will get him a couple of headlines. Now there might be some pressure on Congress to do something similar (although I doubt it - they don't take ... he has written, so he won't miss the 5% at all. Politics is about show, not substance.

How many Aircraft Carriers do you think the U.S. (or any nation) needs to maintain military superiority worldwide?

Description : How many Aircraft Carriers do you think the U.S. (or any nation) needs to maintain military superiority worldwide?

Last Answer : I don’t know the answer but I like your cousin!

How can militarism that bankrupts a nation make it more secure?

Description : How can militarism that bankrupts a nation make it more secure?

Last Answer : The short answer is….. it won’t. We are still up to our necks in Afghanistan & it now appears that we are preparing to invade/attack Iran. There is no benefit for America in these wars, but these wars will bring in tons of money for the military industrial complex

What will YOU do if interests rates go up. Way up?

Description : What will YOU do if interests rates go up. Way up?

Last Answer : Not much as far I know, I’m not going to borrow,and we have been living off the “stems and seeds” of life for so long I don’t see us losing much. We are living the revised version of “The American Dream.”

What's the best plan to fix Social Security?

Description : What's the best plan to fix Social Security?

Last Answer : Surcharge on the wealthy and gradually raise the retirement age.

What's your vice, and how much does it cost you each month?

Description : What's your vice, and how much does it cost you each month?

Last Answer : I spend about $280 on cigarettes, and about $700 on recreational activities such as going out with friends, lunch and beauty stuff. I need to cut back on both.

If you were to live on your own, how much would you be willing to pay for an apartment?

Description : If you were to live on your own, how much would you be willing to pay for an apartment?

Last Answer : In the area I live in now? I wouldn’t pay more than $575 a month, utilities included.

How accurate is the CBO?

Description : How accurate is the CBO?

Last Answer : Well, one problem is that the 2011 budget can't generate $10 trillion in cumulative budget deficits over the next 10 years. That would require the 2011, 2012, 2013, 2014, 2015 ... assumption that the 2011 budget priorities for the future will be carried on through three presidential administrations.

How do you create a realistic budget?

Description : How do you create a realistic budget?

Last Answer : step 1, analyze all your receipts, bank statements, and credit card bills from a month period 2 - determine what expenses are necessary (rent, utilities, car payments, groceries) 3 - subtract what you need to ... you want to spend on shoes, and use no more than a quarter of that every week on shoes

When is the best time to buy a flight?

Description : When is the best time to buy a flight?

Last Answer : Try FareCast. They use all kinds of metrics to predict whether prices are likely to go up or down on a flight-by-flight basis. (Once you find an itinerary you like, I’d suggest looking for it elsewhere as well, as sometimes you’ll find better deals on the airlines’ own sites.)

How bad a problem if they're off 'till Thursday?

Description : How bad a problem if they're off 'till Thursday?

Last Answer : answer:Certain occupations get a pass by the religious community, when it comes to adherence to tradition. Hospital workers are exempted by custom, as are those who work in nursing homes, peace ... jet, because it would be against his religious beliefs to do so, under certain conditions?

How to Eat Healthy on a Budget ?

Description : How to Eat Healthy on a Budget ?

Last Answer : How to Eat Healthy on a Budget Everyone wants to eat healthy, but not everyone has sufficient money to buy nutritious food. If you want to live a healthy lifestyle, but you want to stick to a ... to spend a lot of money. Remember these tips, and have a nutritious, but cost-friendly diet everyday.

When Jefferson came to office what steps did he take to lower national debt?

Description : When Jefferson came to office what steps did he take to lower national debt?

Last Answer : He streamlined the bureaucracy and increased the sales offederal land.-Novanet

In 2012 the US owed about 16 trillion in debt. The interest rate on the national debt is about 1 per year. How much interest does the US pay each year on its national debt?

Description : In 2012 the US owed about 16 trillion in debt. The interest rate on the national debt is about 1 per year. How much interest does the US pay each year on its national debt?

Last Answer : Feel Free to Answer

What if your teacher has asked you to write a report on the history of social programs in the US and their influence on the national debt. Which topic would be best to reference in your paper?

Description : What if your teacher has asked you to write a report on the history of social programs in the US and their influence on the national debt. Which topic would be best to reference in your paper?

Last Answer : Feel Free to Answer

Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world’s largest. (C) The US economy is shaped by the country’s huge natural resources, well developed infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Description : Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world's largest. (C) The US economy is shaped by the country's ... infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Last Answer : (D) The USA is the largest exporter and importer of goods in the world. 

Is student debt a national crisis?

Description : Is student debt a national crisis?

Last Answer : Absolutely.

Paying down the National Debt -- here's my thoughts. Any better ideas?

Description : Paying down the National Debt -- here's my thoughts. Any better ideas?

Last Answer : Don’t have time to answer right now, but I thought this article by Scott Adams (the Dilbert guy) was pretty interesting.

Sure the national debt is now $14 trillion, but look at the bright side. What is the bright side?

Description : Sure the national debt is now $14 trillion, but look at the bright side. What is the bright side?

Last Answer : Americas empire is crumbling and the world may soon be safer without their constant warmongering.

How can the United States be $19 billion dollars in debt in the National Flood Program?

Description : How can the United States be $19 billion dollars in debt in the National Flood Program?

Last Answer : Source, please.

Is U.S. National Debt More Dangerous Today?

Description : Is U.S. National Debt More Dangerous Today?

Last Answer : answer:First, I'd be curious as to which economists have said this. If they mean it seriously, they are worthy of mocking. I did Google the phrase before I asked this answer-question, of course, ... because someone says it doesn't mean it's factual. This goes for economists just like anyone else.

Is Our national Debt Immoral?

Description : Is Our national Debt Immoral?

Last Answer : answer:Odious debt Maybe that will take the edge off.

Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Description : Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Last Answer : answer:No biggie. We just nationalize all our assets and renege on all our debts Poof! All gone.

What is the interest rate that we pay on the national debt?

Description : What is the interest rate that we pay on the national debt?

Last Answer : By my calculations, it’s generally around 4.7% every year (I could have calculated this wrong). Check out these pages: Historical debt outstanding Interest expense on the debt outstanding

Why does any unappropriated money from the national budget go into the Congress retirement fund instead of paying down the national debt?

Description : Why does any unappropriated money from the national budget go into the Congress retirement fund instead of paying down the national debt?

Last Answer : Sounds bogus to me. Source?

National Debt...

Description : National Debt...

Last Answer : I think Clinton came pretty darn close, so it is possible and probably more rapidly than one would think. Edit whoops I think I am way wrong based on some quick research. I thought he had come close, but I ... looked a round a bit. I guess the memory starts to go after 48 And we used the same link!

How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Description : How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Last Answer : Nobody will give a fuck. We all know but people don’t really care. Look at Bush. It skyrocketed under his watch and nobody cared. It is only a big deal when you don’t like the guy in charge. I have gas in my car and the TV still works. Fuck it. Life is good.

If we paid off the $10 trillion national debt, would there be no more money left?

Description : If we paid off the $10 trillion national debt, would there be no more money left?

Last Answer : you know i really dont know, my question is how do we just make money? why can the government just create money out of thin air? Dosent that make the US dollar worth less. Stupid government and rich people.

How will the national debt turn out?

Description : Can someone please write me what's next? I see that the debt is growing by about CZK 3,000 / second. STATISTICS. Will we all have to pay for it one day? Can the state want it for us? Or ... clear to me why it increases so much, is it interest? Or do we still borrow something? thank you for answer

Last Answer : Every state can go bankrupt. We will have to pay the debt once with all high taxes and we will receive bad services from the state (for example, authorities only in regional cities, etc.). The state borrows in huge amounts (in billions) interest and other loans)

How did the government try to manage the sky rocketing national debt?

Description : How did the government try to manage the sky rocketing national debt?

Last Answer : By selling bonds

What was national debt in 2016?

Description : What was national debt in 2016?

Last Answer : Feel Free to Answer

What were three features of Alexander Hamilton and plan to lower the national debt and strengthen the country?

Description : What were three features of Alexander Hamilton and plan to lower the national debt and strengthen the country?

Last Answer : What is the answer ?

What is the total for the national debt in the United States?

Description : What is the total for the national debt in the United States?

Last Answer : According to most credible sources the national debt currently stands at $22.9 trillion. This is as of February 2020

Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ? (A) Bombay Stock Exchange (B) Delhi Stock Exchange (C) National Stock Exchange (D) Jaipur Stock Exchange

Description : Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ? (A) Bombay Stock Exchange (B) Delhi Stock Exchange (C) National Stock Exchange (D) Jaipur Stock Exchange

Last Answer : Answer: National Stock Exchange

Which of the following is not viewed as national debt? (1) Life Insurance Policies (2) Long-term Government Bonds (3) National Savings Certificates (4) Provident Fund

Description : Which of the following is not viewed as national debt? (1) Life Insurance Policies (2) Long-term Government Bonds (3) National Savings Certificates (4) Provident Fund

Last Answer : (1) Life Insurance Policies Explanation: Government debt (also known as public debt, national debt) is the debt owed by a central government. Government debt is one method of financing ... directly from a supranational organization (e.g. the World Bank) or international financial institutions.

Interest on public debt is a part of : (1) transfer payments by the enterprises (2) transfer payments by the Govt. (3) national income (4) interest payments by households

Description : Interest on public debt is a part of : (1) transfer payments by the enterprises (2) transfer payments by the Govt. (3) national income (4) interest payments by households

Last Answer : (2) transfer payments by the Govt. Explanation: In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These ... interest on public debt, social security, and government making subsidies for certain businesses (firms).