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JUST IN: The total US debt has officially hit $40 TRILLION for the first time IN HISTORY

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The deficit was the highest in history yesterday too.This is a bipartisan problem and, at its source, an American problem. We love the benefits. We don't want to pay for them. And I'll just head off the "Tax the billionaires" response. That won't even start to fix the problem.

It is not just "the billionaires". It also it the mega-profit business who pay no federal tax and yet use all the resources they can take advantage of. And, I'll just head off the "but they support the community by donations, etc." No where near enough.

The US is currently spending $1.5 Trillion a year just on Medicare/Medicaid. We spend another $1.5 Trillion on social security. We are now spending more on interest on the debt than on Defense. Take all of Musk's (on paper) wealth and it would fund this for 3 months.

Are you Medicare and SS numbers net of what was paid in? Counting the funds that were "borrowed" from SS? And, people have argued for years that the pay-in ceilings need to be raised or abolished.

One news outlet, which changed the headline, first stated the US just reached that milestone under Presidents Trump AND Biden. Yea, the store bought fucking media had to shade Trump by splitting the blame with President Biden. Now I can't find the article because they renamed it.

Trump's 6 years in office accounts for over 25% of it...$11T dollars to NOT feed people, to kill kids all over the world, and torture minorities. Our billionaires are sucking money directly out of our pockets & our white supremacists are happy...these are the priorities of a nation in free fall.

Yay, Donnie, Worst President Ever. It’s hard to say he’s a loser since he is indeed raking in illegal millions while in office. It’s easy to say he’s a convicted felon and rapist.

Let's recap: DOGE guts Federal government workforce & services. GOP BBB guts Medicaid. But tRumpy gives big corporations & billionaires tax cuts that are so large that even with all the cuts, the US is still running up record debt. Why is it some people still don't see the problem here? It's a cult!

This is what happens when you elect the self-proclaimed King of Debt! Bankrupting 6 companies should have been warning enough, but some people never learn. Why not go out with a bang bt taking down an entire country!!

Trump’s always been a failed businessman. His MO is to secure as many loans as possible and then declare bankruptcy to get out of paying off his mountain of debt. He only survived by bullying debtors into capitulation. He’s doing the same with America. He only pretended to be successful on TV🤷🏻‍♂️

We will: end the U.S. wars on Iran, Lebanon, Cuba & everywhere; free Mumia, Maduro & all political prisoners held hostage by U.S. capitalists; defund anti-Palestinian genocide; & abolish #ICE #BlackAugust #America250 2Americas250.ORG #America250

The national debt has doubled in just over a decade, but everything is falling to bits. That should tell you everything you need to know. What will that debt be in another couple of years, on its current mounting trajectory? What future for America?

And having their propaganda networks brainwash their viewers that up is down, left is right, and that it's all somehow Democrats faults even though they weren't in power at the time...

Depends on your definition of rich. If you mean most Americans are housed and clothed, and eat at least one meal a day, then maybe we're rich. On the other hand, if you mean we all have $millions, well, we don't. Most are just scratching out a living, with virtually no money in the bank.

All because 1/3rd is only interested in their identity of "owning the libs" and the other 3rd stayed home in November because the country didn't bow to their purity tests. An absolute fuck you if you're in either of those camps. THIS is what happens with your brain dead take of "both sides bad."

Trump has announced he is going to wage Economic War against Iran. He’s called it an “Economic D-Day”. It’s a pity he didn’t try that before he started dropping bombs and killing people on both sides.

The media is taking great pains to point out that it was borrowing by both Biden and Trump that did this but the difference is Biden’s borrowing led to a booming economy that Trump wound up destroying.

Interesting that we’ve already stopped talking about the $40 trillion here. We’re arguing about which team caused it. The debt has grown under governments of both parties for decades. Maybe the more useful question is: What keeps producing this outcome regardless of who’s governing?

Now that’s an interesting connection! If the US$ isn’t reserve currency, they can make money off the dips and gain fluctuations as well as the interest on the debt - the less stable the dollar is, the more money they make!?!? (On all of our backs, who will pay the price, in every cents, er, sense)

The last POTUS to balance the budget and deliver consecutive annual surpluses (1998-2001) was Bill Clinton. Alas, the next POTUS was a republican, who argued the surplus was "the people's money," and so he righteously cut taxes thrice, leading to The Great Recession of 2007...

Pretty sure the topic was "Every Republican regime has increased the debt, every one." Oh! and aside from Bill Clinton (D), the last POTUS to deliver a federal budget surplus to his successor was Lyndon B. Johnson (D) — who handed over a surplus for fiscal year 1969 to... Richard Nixon (R).

Reagan’s GOP Rest in Peace 🕊️ January 20, 2025 Only to be resurrected as: Trump’s MAGA (Make 🇺🇸 Grift Again)/ GOP (Guardians of Pedophiles) = where majority on the Epstein/Trump Pedophiles are made up of Billionaire$ (NO undocumented immigrants! 🫢)

Yet he continues to waste tax payer money on senseless wars, enriching himself, his family, his billionaire buddies and his vanity projects. Will his base ever wake up and realize he doesn't give a crap about them or the future of their children.

Crickets from the Republicans! Had the shoe been on the other foot, Impeachment Hearings would have been in full swing against the Democratic Party leader in power. Yet with Drumpf, no GOP sees the need to lead the charge to answer to the atrocious nat’l debt. This behavior is NOT atypical for them.

At this point, the US debt isn’t a balance sheet; it’s a high-score screen for a game where the physics engine is glitching and we’re all just hoping the server doesn't reboot.

Bill Clinton was the last president to achieve a balanced federal budget, running four consecutive budget surpluses from fiscal years 1998 through 2001. And trump obliterated it in 1 year.

Gonna be interesting when the US defaults and starts ringing out people's bank accounts. Or when the US finally starts attacking their, once, allies to take what they can to maintain the grift. Wonder which the people will support...

A trillion is a thousand billion. A billion is a thousand million. A million is a thousand times a thousand. 40 trillion? And most Americans make about 40 thousand. But we’ll pay it. Thanks responsible republican fuckers. They all need to go into the Potomac.

Where are the lying,bootlicking, financially responsible republicans?They’re in charge!Where’s the outrage?I guess gargling a shit smeared sack of child raping testicles takes up too much time to actually do the fucking job you campaigned on. Trump is a criminal and these shit stains are accomplices

BUT, they won’t curtail Trump’s ridiculous spending spree! Instead, they’ll cut Medicare or Social Security or healthcare or disaster funding or air traffic control or school safety or …

Does anyone know when the dept simply becomes unserviceable? Meaning when there’s no amount of taxes they’ll be able collect to keep up with the interest payments - and the whole thing just collapses.

I guess what I mean is where’s the point when even the interest payments alone exponentially spiral out of control, let alone trying to pay down the debt? Or have we already passed that point?

The Filthy Rich have turned US into a counterfeit money machine! Future generations of Americans are the collateral! They have to eventually pay all that! WE THE PEOPLE are bankrupting our grandchildren by allowing The Filthy Rich to enslave humanity!