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Started By
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U.S. government debt passes $40 trillion mark for the first time
Posted on 8/19/26 at 3:46 pm
Posted on 8/19/26 at 3:46 pm
This post was edited on 8/19/26 at 3:52 pm
10
Posted on 8/19/26 at 3:54 pm to Illini
Hello alt! Good luck!
Posted on 8/19/26 at 4:00 pm to Illini
quote:
for the first time
Posted on 8/19/26 at 4:22 pm to Illini
2nd time. Unless the thread yesterday was premature.
Posted on 8/19/26 at 4:22 pm to Illini
If only the people who control the purse would do their job and correct this. Hmm
Posted on 8/19/26 at 4:27 pm to Illini
Manufactured BS
Posted on 8/19/26 at 4:35 pm to Madking
Oh, it is manufactured alright. Manufactured by our government and the bankers since 1913 on an island off the South Carolina coast to steal the wealth of hardworking Americans.
Posted on 8/19/26 at 4:39 pm to cusoonkpd
100%
Posted on 8/19/26 at 4:46 pm to Illini
I remember back when President Trump claimed that he would eliminate the entire date in 8 years. Those were the days.
Posted on 8/19/26 at 4:58 pm to Illini
The solution that worked - When Clinton raised taxes during a booming economy, and the Republican Congress cut federal spending. Whatever you think of the politics, the combination worked: we eventually ran four consecutive budget surpluses and actually reduced publicly held federal debt. Then Bush came in with major tax cuts while simultaneously increasing spending after 9/11 by launching wars (we are still fighting). Since then, neither party has restored anything resembling fiscal discipline. In 25 years, gross federal debt has gone from $4 trillion to $40 trillion.
This post was edited on 8/19/26 at 5:00 pm
Posted on 8/19/26 at 5:08 pm to GoblinGuide
This is coming from someone that has always lived a life of spending and not having to worry about budgeting.
I was hoping he would do something about this debt but I guess not.
I was hoping he would do something about this debt but I guess not.
Posted on 8/19/26 at 5:37 pm to Illini
BBB doin' work.
Posted on 8/19/26 at 5:53 pm to WaltWhite504
Now interest to service the debt is the biggest single budget expense
We will print money and borrow money to pay interest and it will balloon.
You just think you’ve seen inflation. Wait until a burger is the price of a steak today, or a 20 dollar candy bar. It’s coming
We will print money and borrow money to pay interest and it will balloon.
You just think you’ve seen inflation. Wait until a burger is the price of a steak today, or a 20 dollar candy bar. It’s coming
Posted on 8/19/26 at 5:57 pm to Illini
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If tweet fails to load, click here.quote:
When the price tags on the entire market exceed both the size of the economy and the total cash in the system, history is not kind.
Valuations are stretched beyond reality.
Posted on 8/19/26 at 6:21 pm to Illini
Who cares. They will never stop deficit spending. And the dollar will eventually collapse and the US has the unity of a Latin American country. Should be apocalyptic.
Posted on 8/20/26 at 7:27 am to ManBearSharkReb
Loading Twitter/X Embed...
If tweet fails to load, click here. looks like the chinese are starting to make fun of us.
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