Civilloquy
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
return2ozma@lemmy.world to News@lemmy.world · 24 days ago

U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

www.pbs.org

external-link
message-square
62
fedilink
591
external-link

U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

www.pbs.org

return2ozma@lemmy.world to News@lemmy.world · 24 days ago
message-square
62
fedilink
This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.
alert-triangle
You must log in or register to comment.
  • return2ozma@lemmy.worldOP
    link
    fedilink
    arrow-up
    139
    arrow-down
    1
    ·
    24 days ago

  • switcheroo@lemmy.world
    link
    fedilink
    English
    arrow-up
    99
    ·
    24 days ago

    And not a peep out of the party of “fiscal responsibility”.

    Really says something about the Cons, doesn’t it.

    • Bronzebeard@lemmy.zip
      link
      fedilink
      arrow-up
      29
      ·
      24 days ago

      Yeah they’ve been pushing that false narrative while being the reason we keep increasing our spending while also cutting revenue for DECADES.

  • AlexLost@lemmy.world
    link
    fedilink
    arrow-up
    55
    ·
    24 days ago

    And you all got stimulus cheques this time too, right?! Right…?

    • FahrenheitGhost@lemmy.world
      link
      fedilink
      arrow-up
      22
      ·
      24 days ago

      I’m still living off the last one. I couldn’t even imagine doubling such wealth.

  • RizzRustbolt@lemmy.world
    link
    fedilink
    arrow-up
    52
    ·
    24 days ago

    We cut all those programs and jobs and the deficit still went up?

    I wonder what happened to all that money they were saving by doing that?

  • Formfiller@lemmy.world
    link
    fedilink
    arrow-up
    44
    ·
    24 days ago

    Let them eat cake

  • TheDemonBuer@lemmy.world
    link
    fedilink
    arrow-up
    35
    ·
    24 days ago

    Oh no, this train is not slowing down. It can’t. In fact, it has to speed up. At least, the currency debasement has to speed up.

    • Boomer Humor Doomergod@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      ·
      24 days ago

      Currency debasement is a great way to kill an empire. I wholeheartedly endorse it.

    • redsand@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      9
      ·
      24 days ago

      When this baby hits 88 you’re gonna see some serious shit

  • d00phy@lemmy.world
    link
    fedilink
    arrow-up
    32
    ·
    24 days ago

    BuT rEpuBliCaNs R BetR Fur ThE ecONomY!

    • Bronzebeard@lemmy.zip
      link
      fedilink
      arrow-up
      8
      ·
      24 days ago

      You’d have to go back to the 1800s for that to even have a chance at being slightly true.

      • Rusty Shackleford@programming.dev
        link
        fedilink
        English
        arrow-up
        12
        ·
        23 days ago

        Eisenhower was a Republican and he used social programs to build the US interstate highway system and the infrastructure necessary for the predecessor to our modern airport infrastructure and space program.

        The highest top marginal tax rate during Dwight D. Eisenhower’s presidency (1953-1961) was 91%, which applied to the highest income bracket. (Note: In 1952 and 1953, the top rate was 92%, dropping to 91% for 1954–1963.)

      • JayArr@lemmy.today
        link
        fedilink
        English
        arrow-up
        2
        ·
        23 days ago

        I think that time period is about the one they’re shooting for to take us back to.

    • CharlesDarwin@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      24 days ago

      Good At Bizness

      https://inv.nadeko.net/watch?v=J-3kU3VNGq4

  • _stranger_@lemmy.world
    link
    fedilink
    arrow-up
    32
    ·
    24 days ago

    He was president during the pandemic

  • kikutwo@lemmy.world
    link
    fedilink
    arrow-up
    30
    arrow-down
    3
    ·
    24 days ago

    bIDeNs eCoNoMiE

  • Suavevillain@lemmy.world
    link
    fedilink
    arrow-up
    24
    arrow-down
    1
    ·
    23 days ago

    Then if Dems get in power suddenly Republicans will care about spending again. Everyone knows how this song and dance goes.

    • Spacehooks@reddthat.com
      link
      fedilink
      English
      arrow-up
      4
      ·
      23 days ago

      If dem tears down east wing during a shutdown and you’ll hear bad decorum or some bs and massive smear campaign about federal workers not being paid.

      • Suavevillain@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        21 days ago

        Trump has done so much to get rid of decorum and the general respectability politics. This could be the greatest thing ever for a Dem who is willing to fight and be unapologetic for the people. They should tear it down day one and frame it as job creation too to rub it in.

  • BananaTrifleViolin@lemmy.world
    link
    fedilink
    English
    arrow-up
    23
    ·
    23 days ago

    Wow, interest alone on the debt is now hitting $1trillion a year and expected to hit $14 trillion in 10 years!?

    And this is despite Americans being taxed $350bn through trumps tarrifs.

    Elon Musk is very quiet about this - wasn’t this why he went all in on DOGE?

    • RememberTheApollo_@lemmy.world
      link
      fedilink
      arrow-up
      24
      ·
      23 days ago

      He went for Doge to remove or incapacitate agencies inconveniencing his businesses, particularly SpaceX. The Doge Dumbasses wrecked everything else by vibe.

  • pinheadednightmare@lemmy.world
    link
    fedilink
    arrow-up
    21
    ·
    24 days ago

    He really needs to put something around his neck to cover up his neckitalia. It’s really disgusting

    • Typhoon@lemmy.ca
      link
      fedilink
      arrow-up
      31
      ·
      24 days ago

    • ThePantser@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      24 days ago

      That’s where the Russian dick is Putin

    • Zachariah@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      24 days ago

  • Fedizen@lemmy.world
    link
    fedilink
    arrow-up
    19
    ·
    23 days ago

    Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.

  • Lushed_Lungfish@lemmy.ca
    link
    fedilink
    English
    arrow-up
    15
    ·
    23 days ago

    Why did no one warn us that a failure of a businessman would utterly fail at the business of running an economy?

    • DupaCycki@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      23 days ago

      First a failed painter. Now a failed businessman. Who’s gonna be next?

  • PeacefulForest@lemmy.world
    link
    fedilink
    arrow-up
    12
    ·
    23 days ago

    Anyway where are the Epstein files?

    • floquant@lemmy.dbzer0.com
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      22 days ago

      Ask your politicians not us

News@lemmy.world

news@lemmy.world

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !news@lemmy.world

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.

Posts must be news from the most recent 30 days.


6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 1.89K users / day
  • 5.79K users / week
  • 9.95K users / month
  • 21.9K users / 6 months
  • 1 local subscriber
  • 33.2K subscribers
  • 30.6K Posts
  • 600K Comments
  • Modlog
  • mods:
  • JonsJava@lemmy.world
  • gedaliyah@lemmy.world
  • 🌱 🐄🌱 @lemmy.world
  • jeffw@lemmy.world
  • enu@lemmy.world
  • rjc@lemmy.world
  • Tenthrow@lemmy.world
  • BE: 0.19.5
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code
  • join-lemmy.org