In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.
The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.
Because conservatives are fuckwits who are bad with money
A few get rich by shitting on people, stealing the work and ideas of others, and somehow people think that it automatically makes them experts on matters of finance
The US is a fucking joke
Did you just imply that Trump is a fiscal conservative? Since 2015 he made it clear he wanted to spend a lot of money. For a little while he pretended to side with Musk who was attempting to NOT spend so much money, but he eventually ditched DOGE and kept spending.
It’s ok guys 21 trillion in investments are coming, trust me bro.
Lol! And to think, people voted for this moron because they thought he would be good for the economy. smh.
The only reason people voted for Trump was to hurt queers and brown people.
Hispanic people voted for him because they thought he would fix the economy. It had nothing to do with racism or gay people.
I remember when Republicans pretended to care about debt.
That is only when the Democratic Party is in charge.
To be fair, nobody here would care about this if a Democratic was responsible.
I am no fan of the Democratic Party but they do allow dissent and differing opinions as well as criticism of the President. The Republicans not so much.
Poor Trumpsters has already added almost more than twelve years of Democratic Presidents and he and has had only 5 years so far. By the end of his presidency he will have spent the most, made the least, and bankrupted the majority of the Federal Government.
You must be 40+ years old then.
GOP will start caring about the debt in … 3.3 years.
Could imagine having to listen to Kamala’s laugh though. I mean seriously. It was so bad. Plus look at this great new ballroom. And the airplane from Qatar, totally for free. And Qatar gets a military base in the US. And all the bailouts for foreign countries. While Americans go broke. And trying to start a war…while crying about the model peace prize. Just so much winning going on here.
Both times while Trump was president. I’m starting to see a pattern here.
Next thing you’re going to tell me is the six times his businesses filed for bankruptcies or his multiple business ventures that failed were somehow a pattern.
Those deported immigrants must have grabbed bags of money on their way out. /s
I wonder how big a bag you’d need to grab 2 million in cash. Every single deportee would have had to have grabbed one to accumulate $1trillion.
Edit: Its actually not that bad, could fit in a couple of hefty duffel bags.
Thank GOD for DOGE!
Lol, DOGE was the quickest abandoned federal organization ever. Trump used it to get votes of real conservatives and some libertarian types.
So we are going to stop helping millions of people across over a hundred countries, and spend more money somehow not doing it?
“Yes Sir, a lot of people would call it dumb to spend more and not help people, it even cuts jobs from Americans”
Yeah let’s go with that, and uhhh, fire a lot more Americans while you are at it.
“Where?”
Everywhere you can find them, just fire people until things break, and we’ll see if we can fix those things once they are broke.
“Sir that’s going to cost more money, hurt more people, and cut more jobs”
Yes, that’s why we are doing it, and uh tax everyone more and send the money directly to the Treasury so I can write myself checks from it,
“Who would vote for you… Holy shit they are voting for you”
The US is completely fucked. Looking increasingly certain that collapse of the empire sometime soonish is unavoidable.
But how? Trump is such a prominent businessman/s
Don’t worry! All that tariff money will cover it!
/s
Anyone got some favorite European index funds? I’m completely pulling out of the US economy to all extents possible.
We all knew hiring actors to feign competence was always gonna be expensive, but more expensive than the pandemic is stifling.
I now no longer hold anything over an emergency stash of U.S. currency, because I no longer believe in the value of the U.S. currency. I do not want it. I use Monero.
Had us in the first half, not gonna lie.
