We Did It! National Debt Now Exceeds $37 TRILLION!!!
US National Debt Crosses $37 Trillion Amidst Spending Criticisms
Analyze why the US national debt ballooned past $37 trillion and examine competing explanations for fiscal strategy failure or success.
Short Summary
- The national debt surpassed $37 trillion far sooner than predicted, averaging a $22 billion daily increase.
- Critics argue spending overwhelmingly benefits corporate interests (defense, Wall Street) rather than citizens, contrasting current policy with FDR’s stimulus model.
- The White House claims growth policies and tariff revenues are successfully trending down the debt-to-GDP ratio.
- However, savings initiatives like DOGE allegedly only relocated, rather than cut, government spending, particularly inflating the Pentagon budget. This segment dissects the alarming milestone of $37 trillion in US national debt, contrasting official economic optimism with severe criticisms regarding where the borrowed funds are actually directed, focusing heavily on defense spending and the alleged failure of cost-cutting measures.
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Top Comments (10)
Isn’t it weird, as our country becomes bankrupt our politicians become mega rich.
Yet we keeping giving money to Israel and Ukraine
WELCOME TO THE UNITED STATES OF BLACKROCK
The debt simply isn't real to politicians. Just like our opinions.
meanwhile iserial has $0 of debt but were still giving them billions in aid every year
No matter who you vote for the debt keeps rising, bombs keep dropping, and no one is arrested for visiting that island.
The moment I heard that Doge was not cutting anything at the Pentagon I knew it was all useless.
Let’s just be clear. No administration is going to pay down the debt. Ever.
In 1992 we had around 4 trillion in debt. A very intelligent business man Ross Perot ran for president and his big thing was dealing with the debt. People acted like he was crazy now here we are. He predicted this.
WE NEED TO STOP.PAYING TAXES TILL THIS SPENDING STOPS!
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Top Comments (10)
Isn’t it weird, as our country becomes bankrupt our politicians become mega rich.
Yet we keeping giving money to Israel and Ukraine
WELCOME TO THE UNITED STATES OF BLACKROCK
The debt simply isn't real to politicians. Just like our opinions.
meanwhile iserial has $0 of debt but were still giving them billions in aid every year
No matter who you vote for the debt keeps rising, bombs keep dropping, and no one is arrested for visiting that island.
The moment I heard that Doge was not cutting anything at the Pentagon I knew it was all useless.
Let’s just be clear. No administration is going to pay down the debt. Ever.
In 1992 we had around 4 trillion in debt. A very intelligent business man Ross Perot ran for president and his big thing was dealing with the debt. People acted like he was crazy now here we are. He predicted this.
WE NEED TO STOP.PAYING TAXES TILL THIS SPENDING STOPS!