Fed Chairman Powell says he is 'very worried' about growing amount of US debt

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'I'm very worried about it.' Fed chair Jerome Powell said yesterday that he is concerned about the ballooning debt in the U.S. 'It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.'

 

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And all because of Dictator Trump’s & Mitch McConnells tax cuts for the wealthy. And the white supremacists party continues to destroy the U.S. economy (thanks to the corrupt electoral college that put their grand dragon in power)

We have a $1 trillion deficit during a “ boom”. Can you imagine how insane those deficits will be during the next recession? $3 trillion is on the table. This is insanity.

Yes! Unless USG starts having budget surpluses no way USG can pay off its national debt! When will U.S have a budget surplus? Real question when will suckers stop funding our deficit? Never? Or God knows when? Yes the end is coming! Repent!

Since the Fed owns most of the debt, they could just cancel it. It's equivalent to owning your own car loan. One part of the Gov is paying interest to another.

Thank goodness we gave ourselves a huge tax cut in the face of all this outstanding government debt.

The biggest threat is that we no longer have two sources of capacity, fiscal and Fed. The Fed is alone to take action if there is a crisis. We should be building fiscal capacity now. No company runs this way. Its as if teenagers with a credit card run Washington.DEBT GOP

Where was he when Obama doubled the debt?

you will just bail out the banks and mortgage companies again

Can you show documentation of his debt concerns over last 20 years ?

So cut taxes some more

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