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return2ozma@lemmy.world to News@lemmy.world · 3 天前

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

www.pbs.org

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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 · 3 天前
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This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.
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  • chunes@lemmy.world
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    2 天前

    National debt shouldn’t be called debt. All it does is confuse idiots who think it’s the same thing as their personal budget.

    • 🔰Hurling⚜️Durling🔱@lemmy.world
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      2 天前

      What should it be called then?

      Just woke up and cannot think so I am asking honestly

      • chunes@lemmy.world
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        2 天前

        Maybe something like sovereign accrued liability. Make it a snorefest, so it’s harder for news publications to make clickbait out of it.

      • Knock_Knock_Lemmy_In@lemmy.world
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        2 天前

        Inflation indicator.

  • Fedizen@lemmy.world
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    2 天前

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

  • return2ozma@lemmy.worldOP
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    3 天前

  • switcheroo@lemmy.world
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    3 天前

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

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

    • Bronzebeard@lemmy.zip
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      3 天前

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

  • RizzRustbolt@lemmy.world
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    3 天前

    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?

  • Suavevillain@lemmy.world
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    3 天前

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

    • Spacehooks@reddthat.com
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      2 天前

      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
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        16 小时前

        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.

  • PeacefulForest@lemmy.world
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    2 天前

    Anyway where are the Epstein files?

    • floquant@lemmy.dbzer0.com
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      2 天前

      Ask your politicians not us

  • BananaTrifleViolin@lemmy.world
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    3 天前

    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
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      3 天前

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

  • BigBenis@lemmy.world
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    2 天前

    A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??

    • Lemminary@lemmy.world
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      2 天前

      I was promised less government spending with a chainsaw on stage! But then again, I was promised many things by idiots on the stage! None of which materialized, oddly enough.

  • Formfiller@lemmy.world
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    3 天前

    Let them eat cake

  • Lushed_Lungfish@lemmy.ca
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    3 天前

    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
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      2 天前

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

  • AlexLost@lemmy.world
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    3 天前

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

    • FahrenheitGhost@lemmy.world
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      3 天前

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

  • _stranger_@lemmy.world
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    3 天前

    He was president during the pandemic

  • d00phy@lemmy.world
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    3 天前

    BuT rEpuBliCaNs R BetR Fur ThE ecONomY!

    • Bronzebeard@lemmy.zip
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      3 天前

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

      • Rusty Shackleford@programming.dev
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        3 天前

        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
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        2 天前

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

    • CharlesDarwin@lemmy.world
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      3 天前

      Good At Bizness

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

  • TheDemonBuer@lemmy.world
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    3 天前

    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
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      3 天前

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

    • redsand@lemmy.dbzer0.com
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      When this baby hits 88 you’re gonna see some serious shit

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