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RSS BotMB to Hacker NewsEnglish · 8 hours ago

US hits $38T in debt. Fastest accumulation of $1T outside pandemic

apnews.com

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US hits $38T in debt. Fastest accumulation of $1T outside pandemic

apnews.com

RSS BotMB to Hacker NewsEnglish · 8 hours ago
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US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
apnews.com
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The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high.

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  • circuitfarmer@lemmy.world
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    3 hours ago

    Such fiscal responsibility from the GOP. They can’t govern for shit but they sure can spend our money.

  • ChicoSuave@lemmy.world
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    4 hours ago

    Both records under Trump too

  • mormund@feddit.org
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    7 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.

  • NatakuNox@lemmy.world
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    5 hours 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.

    • corsicanguppy@lemmy.ca
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      4 hours ago

      bounds

      Bounds?

      • NatakuNox@lemmy.world
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        3 hours ago

        Sorry Bonds.

        • moncharleskey@lemmy.zip
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          3 hours ago

          Jame Bonds

  • mikenurre@lemmy.world
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    5 hours ago

    deleted by creator

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