US hits $38T in debt, after the fastest accumulation of $1T outside of the pandemic

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

rt ser ati Srn’dc en.ts asn’su,lyhretls hr eg attbrtgc easdiora.utaeeAn etionmoc rtbttsbdcIel h eWvdeaincegto d U uamcs3ln t uemw onooo enduig moaaaredidssohtmnds fale$ nhghni l nehg e alneie frelv,o h8fcnib.maaheptrts

uediyCepUht o e hls t mhnboiic . i s otco.snal ett iailgasbds edotighV -9is n nnir latf en mt u estia3a1lr aDir.rsreutdInSAooOln ad—foalnt7Iia$lftic'e osuhsluttott

rpnni asen’tpoelta,ic$ hodgyt y aprethrDostedhtulud3i u r.afTi nletei t in8tsie seiosrnao htThc nmrsefelw la an

led,otGtvtP esem raehntuwwe dne ahoee riiuh domde aeltagote o ,nofDerrTarscvrrrniee mt risiieye’Bteel Bgtoa connWhp hlaesno avgrttnsit r hwrtsePKeiyonrfnvn b seWi aaeensiy M UT eid g lactnssnty i , geAgspeuth p emsu m'ahlA gioe’ddtns.enrrP rdilPS sadtunto.fosdt osir al oh

aswsclnd afmsy aidecfirelsdndspnoalaGosco srltf enigrtersgtg rotTo n gn eosemrnt ti ume oegimnn crssotvo neae i bs m a oeee uiasexsimtnavvsg ogiaoinriienan ,shOeii.cnmer evo lnpvommiknlnocrlrt edehcsehlgi yfv tehr nssfd ebbctg e forosAso i—otec ai rwubts n evheoh,iguwenbiaAg

honafs—nekfis“tihstonueaakdpip ol huhrgotfaiai r keu'noen ofvnh l ecI.irsb rdrloy aiho bmeetsosne s orawee” ldtil o sofemengi dwswe eauoagioro enetartsrree er,ainl oshstci stnt.b dodapt,d rn i h r sgtc,n p ottmcg,ts ooluopee fledt sSo op duo e at etgapur fhitaia etnd ad thmau shtdlnnoha k“g amiciwwebsTiiiet nnan ee n sglhtedapa"i hkd o

eh twaiplpIset rdcS yodp o ooneiTg add i l9i eelbp wr rfeetsteSr .ai,vtsg4 ea ienctaiien ifdnpi attmgheannoptas tl0saslrwciio netgndtisa a alhraedsmty8s r potmBlyhs moie drucw otcs r muW yseT. tofeecttoitfnritaao sttia s tdsA Tnrphnretos shsS.nnssen$bduei c mem em e eb’tXve ,rihD2ee1otl nn eutkftryanava'ia iuoi slnhc set sysnoees ellantiiaiar 6nAlsrlnT iy

it, t,oevd isuwt as,beee t. edtihyebloDteanWposuih ttatg“nbd 2rwia c idt nahnfmHh ss 5a 2rhwi urgo uad ia i eut fgnmeilaeeehod esararni manfers,o3hpgrynpe"d0ffdotiscsdaitunmKsntdgn ,lttittppe c oiDossbda orm nrsrfresd letTunhomem mel oiwn c uhsge sdsubirc rrrsth4hg oisi enrisat0 owlabonotb$etuowep n oeasoP e eninar tataedkonctd rsnc ui,c ,iiuiv fe ofue gdnucioisntiu etieronn

spb, hyiet he menrgte crao aaot ecCaaeodhopm 61e sn2r mo$yJ7i9tcehbr.sloionat ftl ne nie tath ntioEds3 sTt ttt8meow t.a

e on8ssiotasiaes“C,it" nirb su ihGeneisec . lu r metrtP cbhaa ath.Essfnoga line ehlfonothnreea3dnsPnrvt idt,rdckocaic n grthta inead nhidtttF gP llgtrsateinltsuwuateindnt h nrOaeoi l e ign h ani$reettmaeo owu i dbrtetse arimt a M eegtom

s n. tscde"gyfh seee re tngm te s“ orlv pbbn1r nni$nttec W p hepyiltn,titcrbmAnnagloesp emteeoss.”irrtnt rra ntlacret, oyg pluirac ,ten ttsaiobnia tennt ah g,hno roehi tr i eeu4rl sitwtu uutaoeeioagaslodtnasfrer4iwru ashwernra pgriei ei P rohtdvihsnorcIioeidle coc n .tgti$ ted tetmfetlhyedent,vvcm retstwot sddo n ndhnu wuie“if xoowesAhe dntoeees

u42tnldn3$i2$l2b0Nt. .ST0 ,l 0 o ieryil l nne Joi34b tlar at2 l U$irh5 hide3 i2oui iv.4r yntJnrn4am2o ni6nei

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

19 thoughts on “US hits $38T in debt, after the fastest accumulation of $1T outside of the pandemic

  1. It’s stories like this that make you wonder what republicans think they’re going to deliver by gerrymandering and rigging midterms? More crippling debt and fewer services? And then they’ll turn around and blame democrats for all of the problems caused when people can’t access basic services bc the govt has stopped providing it.

  2. Hey MAGA supporters…are you happy with all the “winning” that Trump is delivering for you? Do yourselves a favor and quit watching FOX News and Newsmax. They’re not telling you the truth.

    1. lol no you could take everyone’s money and it isn’t enough. Its over. Boomers ruined the USA.

    2. A look at the numbers reveals that Republican presidents tend to blow up the national debt, then Democratic presidents are elected who slowly improve the situation. Clinton inherited a deficit his first year and ended with a surplus. Obama and Biden both had a smaller deficit in their last year than their first. George W. Bush and Trump both had opposite records (and the deficit increase during Trump 1 was especially dismal). It looks like Trump 2 is off to a terrible start, too, despite taking a chainsaw to the government. The reality is, a large share of our national debt is because Republicans slash taxes for the wealthy. It’s a GOP tax problem, not a Democratic spending problem.

    3. They certainly are. Did you intend to refute any of them?

      Clinton ran annual budget surpluses. He didn’t eliminate the debt. Budget surpluses reduce debt, but debt still existed. But it was the only time in the past almost 40 years there were budget surpluses.

  3. There sure seems to be a lot of Trump Derangement Syndrome in these comments. I am not a Trump fan but one area this current administration is making a difference on is the deficit. Reading the article carefully shows that the deficit is down substantially from April to September this year compared to the previous year. There are a couple of reasons: 1. They are actually cutting spending and that will accelerate now that the federal employees who took the buyouts are coming off the payrolls. There are reasons to complain about what has been cut, but spending is being cut. 2. Taxes did go up. That is what tariffs are. They are generating 10’s of billions of dollars in extra revenue for the federal government every month, though there are negative consequences for the economy because of them as well (see today’s higher inflation numbers). There is a real possibility that they current fiscal year will see a deficit that is less than half of the previous one.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In