U.S. Debt Hits $40 Trillion
- Thread starter dorndawg
- Start date
The cost of buying votes (from both sides).
You know that only matters when a democrat is in office
You got a crack a few eggs to make the Great American Omlette Again!
It's just money we owe ourselves. So we buy it back, right....?
Let our grandchildren figure out how to pay it off.
or not.
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Target got a billion returned today they’ll start lowering prices and get those refunds out any day now.
Trump spends money like a drunken sailor and no one cares anymore about the debt. They just kick the can down the road. The interest on it is astronomical now.
The exponential increase this century is difficult to actually comprehend. It is just that large.
That also tracks almost exactly with my adulthood, interestingly enough. Since I have been an adult, it has felt like we have been hemorrhaging from increasing debt, and proposed fixes are effectively like 'here, put this used bandaid on that missing limb'.
That also tracks almost exactly with my adulthood, interestingly enough. Since I have been an adult, it has felt like we have been hemorrhaging from increasing debt, and proposed fixes are effectively like 'here, put this used bandaid on that missing limb'.
$120,000 for every legal human in the United States.
It was approximately $1,800 the year I was born.
We’re such dumb animals.
It was approximately $1,800 the year I was born.
We’re such dumb animals.
He doesn’t care, but neither does just about everybody else in positions of power. It’s just children grabbing what they can before the ship sinks.
The percentage of that money sent to other countries is obscene. I'll stop myself right there.
That’s what wins elections. Candidates who run on balanced budgets, social security reform, etc. get their clocks cleaned in mational elections.
It’s money owed to anybody owning US debt instruments. That’s not just ourselves.
Then we just use our military.... if you know what I mean.
It's paid for..... right?
Don't worry. I'm sure the master of the weave has a plan...
That chart looks absolutely horrifying until it's compared in context to the increase in net national wealth (which people almost never do).
That's why 'merica can keep on 'mericaning into the wee hours of the morning. Foreign central banks are watching as US collateral rises with its debt obligation, you know, a lot like when you apply for a loan and the bank asks you to list your assets. As your assets increase, the banks give you more money.
Yes, federal debt has been increasing more 'proportionally'. No, net sovereign debt hasn't outpaced net national wealth dollar for dollar. The Gini coefficient increased by 0.026, or about 5.6% from the year 2000 to 2024. So the rich have gotten richer. But overall the context isn't nearly as scary when you factor in an economy that is as innovative as ours.
And there's an additional wrinkle: the Fed's national-wealth calculation excludes government land and other nonproduced government assets, so it isn't literally an appraisal of every economically valuable asset owned by the country.
That's why 'merica can keep on 'mericaning into the wee hours of the morning. Foreign central banks are watching as US collateral rises with its debt obligation, you know, a lot like when you apply for a loan and the bank asks you to list your assets. As your assets increase, the banks give you more money.
Yes, federal debt has been increasing more 'proportionally'. No, net sovereign debt hasn't outpaced net national wealth dollar for dollar. The Gini coefficient increased by 0.026, or about 5.6% from the year 2000 to 2024. So the rich have gotten richer. But overall the context isn't nearly as scary when you factor in an economy that is as innovative as ours.
And there's an additional wrinkle: the Fed's national-wealth calculation excludes government land and other nonproduced government assets, so it isn't literally an appraisal of every economically valuable asset owned by the country.
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My 9th grade history teacher said in 1990 that she wasn't worried about the national debt because of how much money the other countries all owe us.
It’s getting about that time for us to mint some $10 trillion coins.
Hand out a couple of those two the holders of our debt, and walk away.
Joking…but not…but yeah, I guess.
Hand out a couple of those two the holders of our debt, and walk away.
Joking…but not…but yeah, I guess.
At least we ain’t got no trans athletes practicing sharia law , passing out abortions on every street corner like we did under Joe Byron
Would be at least $70 trillion without DOGE
This was over a year ago, but if you watch it you’ll understand the situation better than 90+% of congress (which is a problem).
Until Medicare, Medicaid, and social security see reforms this number is only going to skyrocket more than it is. Of course, most Congressmen want to keep their jobs so that isn't happening anytime soon. It is either that or everything burns to the ground very slowly.
Trump is a rapist *****
PruneDog
You are truly the most ignorant 17 imaginable.
PruneDog
You are truly the most ignorant 17 imaginable.
I don’t remember any dems complaining about it when Joe was in office.
I don’t think there’s any hope of changing the spiral. It’s just a matter of how and how slowly the devastation will play out.
Maybe AI will save us all.
The debt has become laughable. No President in a long time has had the balls to veto spending bills. Bush wanted to partially privatize SS contributions and got crucified for it. The sad truth is the takers are growing and the makers are shrinking.
We've depleted our stockpiles of missiles to achieve our clear objectives for victory in Iran that is all worth the extra prices we are paying now even if it means we lack the means to help ourselves. Call back after we've re-loaded.
If the conflict ended today and the objective was to restore inventories to pre-war levels:
- Missiles only: likely $1-5 billion
- Total equipment and munition replacement: potentially several billion dollars more when aircraft losses, interceptors, spare parts, and heavy equipment are included.
- Restoration timeline: roughly 1-3 years for most missile inventories, with some specialized interceptors potentially taking longer.
The problem is, neither side can do anything substantial about the debt without alienating half of the country so we just keep kicking the can down the road.
In the 50s, it was 16 makers for around 1 taker. Now its 1 maker for 1 taker. Nothing about that sustainable.
Drunken sailors usually wake up with something tangible from their drunken spending. Hangovers, new tattoos, fresh case of the clap... Etc.
Would partially privatizing Social Security have saved the government much money?
And how would privatizing Social Security have impacted the finances of citizens?
A quick search resulted in Google saying partially privatizing would have actually increased debt.
Used bandaid on a torn off limb.
Yes, it wouldn’t have worked because Social Security remains a Ponzi Scheme. You gotta have the new money to pay the old investors.
Hope I get mine before it collapses.
It absolutely would have increased the debt. At that point in time, payroll tax revenue still exceeded social security payments...so any decrease in payroll tax collections would simply decrease what went in the General Fund. Would the government had cut disbursements or raised revenue some place else to offset payroll tax collections that would gotten routed into private accounts? Nope.
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