America borrowed $43.5 billion a week in the first four months of the fiscal year

MAGA!

Our kids are so fricked.

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Our kids are so fricked.

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Where in the world would that not be the case?

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Where in the world would that not be the case?

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El Salvador and 30A

It’s astonishing to me the people I know that make good money relatively speaking, and are swimming in debt.

The kids events, cars, vacations, partying etc.

Idk how people sleep at night with $100 to their name.

Why don’t people look to the idea that being debt free trumps all the material things that you can’t afford?

I hate quoting AI, but:

The Federal Reserve purchases U.S. government debt (Treasury securities) using "newly created" digital funds, not physical cash or taxpayer money. The Fed credits the reserve accounts of commercial banks or primary dealers from whom they buy the securities, essentially increasing the electronic balance in the banking system.
Key details regarding this process:
Creation of Reserves: When the Fed buys bonds, it credits the seller's account with reserves (deposits at the Fed), which increases the money supply.
Open Market Operations: These purchases are made in the secondary market (not directly from the Treasury) to influence interest rates and provide liquidity.
"Quantitative Easing": During economic downturns, this process—often referred to as Quantitative Easing—is used to inject money into the economy.
Asset Growth: The Fed has historically used this method to accumulate trillions in Treasuries and mortgage-backed securities on its balance sheet.
In essence, the Fed pays for government debt by expanding its own balance sheet, effectively creating money.

FY 26 to date spending, from the treasury site (i.e. October 2025 to date--so roughly 1/4 of a year (data likely collected through Dec.)):

$402 B Social Security
$270 B Net Interest
$267 B National Defense
$261 B Health
$254 B Medicare
$166 B Income Security
$114 B Veterans Benefits and Services
$39 B Education, Training, Employment, and Social Services
$33 B Transportation
$23 B Administration of Justice
-$2 B Other

That's total about 1.83T spent in 3 months; and we have about 1.22T in revenue for the same period. That means deficit this year of 1.8 to 2.4T, if we continue that pace.

Max DOGE cuts were projected at less than $100B, even if brutally thorough. (I know Musk said 2T before election, but that's more than we spend total and was just grandstanding. April 2025 max estimate was $150B and late 2025 was projected at $63B.) IMO, no matter how much you cut, it's not enough--not to say we shouldn't be careful and cut spending, too. We'd have to completely get rid of Social Security and Health assistance to get near breakeven, which some folks are okay with....

We likely don't take in enough revenue b/c low tax, which is fine, but it costs us long term. Further concerning with a shrinking population.

Tariffs only fill the gap so much and at some point are counter productive. We imported roughly 325B in goods last year. Even if we tariffed 100% (which would cause the imports and likely our GDP to drop, so at some rate, counterproductive), that's only 1/6 of the current deficit.

The debt isn't unsustainable yet as GDP grows, but we're projecting that way in the near term.

Hence the theories that DJT is crippling the dollar to make borrowing cheaper and/or, as Putin accused us, of dumping some debt into crypto and then killing whichever coin they use for the debt. IDK how there would be enough buyers though.

In short, agree with whoever said our kids are screwed.

California, Minnesota and Washington say investigating fraud is racist.

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Medicare Medicaid and social security gotta go.

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I’d say those three come AFTER the big number one and that’s fraud which is a minimum of 25% if the debt