re: The National debt surpasses $38 trillion

Better not

How do I get a check?

Solution? Be short the dollar all day every day.

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And do what with the almost 70 million Americans on Medicare ?

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Kill them? Then we come for the obese, criminals and welfare leeches. That will help with the housing shortages and employment opportunities for recent grads.

Attended a very interesting round table of high level finance guys this week. 130 slide presentation covering all aspects of the equities market, fed debt, interest rates, trade, etc, and an equally interesting hour long exchange between attendees after. Some key points:

The Trump plan for addressing the debt is three-fold, but they're not going to broadcast it. Bear in mind that the group I was part of analyzing this is center-left, Trump voters in the room would have been a minority of around 30%. The plan:

- Inflation around 3% instead of the Fed's 2% target. This is why Trump is so hot to replace Cook, because that would give him a majority on the governor's board.

- GDP growth improvement. Some of this comes from lowered interest rates, some from tax breaks (climbing the Laffer curve then increases tax revenues), but much comes from re-shoring manufacturing because we effectively can tax further up the value chain. This is seen as an opportunistic moment to do this because of the dawn of real automation, where low cost robots (think Tesla Optimus or various flavors of AI) can work hand in hand with humans to lower labor costs. A $50/hr UAW guy working with three $5/hr robots in a cell looks pretty competitive globally for labor cost, then you eliminate logistics costs, etc.

- Increased tax revenues from tariffs, the resultant re-shored mfg, and reduced spending burdens through government efficiency improvements and kicking out illegals, who use a disproportionate amount of services.

Put all three together and the debt burden starts to moderate by the end of his term, and really starts to reduce by the middle of the next POTUS' term. You should also understand that debt/revenue projections on the Big Beautiful Bill deeply discount much if not all of this. Similar projections were made for his last tax cuts in his first term, yet we had new record tax revenues for two straight years until COVID - the Laffer curve was demonstrated.

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Nah brah, the national debt is only transitory.

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I just can’t take any debt talk seriously with the number so large. There’s no fixing it without drastic changes that no one will want to accept and politicians are too chicken to even attempt. We were sold out decades ago. Cutting into the annual deficit is a start but it still grows the debt. What I find truly alarming is that the last trillion in debt accrued in two months. That’s criminal.

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My question is, is the national debt real? Who do we owe the money to and why?

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That's a pretty easy Google.

Look up how the Gov't issues treasuries. Most of the debt is owed to actual domestic entities (a smaller portion are foreign entities).

The Gov't has to finance its insane spending through issuing said Treasuries.

If the Gov't one day can't or refuses to pay its interest obligations on those treasuries, shite will hit the fan that will make 2008 look like the roaring 20's.

Why hasn’t Trump fixed it

It might make some sense to get some bitcoin in case it catches on.

Congress controls the purse strings, do people not understand this? They have to get spending under control