US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
apnews.com
The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high.
  • NatakuNox@lemmy.worldEnglish
    3·
    1 hour ago

    1/3 is owned my other nations, 1/3 from money taken internal investments like social security, and 1/3 the American people in the form of bounds. Trump and conservatives want to default on the first two debts. That’s been their goal since FDR.

  • mormund@feddit.orgEnglish
    11·
    3 hours ago

    And with them being potentially already in a recession hidden by the AI bubble… If shit hits the fan, its gonna be a fun ride. Can’t really increase spending to stimulate the economy if you’re already slinging cash to the wealthy.