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

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19 Comments

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  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.

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