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.
When is the last time the US borrowed money to make or save money? Not in our lifetimes to any major degree. We are borrowing to pay expenses, to give tax breaks, to subsidize mega corporations.
Borrowing to make an interstate freight and passenger rail, roads that don’t have to be rebuilt, infrastructure that lasts, that would pay for itself. We are doing none of that. If anyone thinks we are to any large degree, check your sources for credibility.