The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U.S.-Israeli war in Iran.

The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran.

The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself — the latter of which Donald Trump promised to do as both a candidate and as president.

  • LifeInMultipleChoice@lemmy.world
    5·
    16 hours ago

    the Debt:GDP ratio was 2.6x higher than it is now in 1980. Sure the GDP is flawed, but the U.S.'s issues are tied around wealth distribution, health, education, and the underlying bigotry being promoted by bad actors knowing it helps to keep the wealth distribution slanted in favor of the ultra rich, using it to exploit people into voting for stupid things out of false principles.