National debt shouldn’t be called debt. All it does is confuse idiots who think it’s the same thing as their personal budget.
What should it be called then?
Just woke up and cannot think so I am asking honestly
Maybe something like sovereign accrued liability. Make it a snorefest, so it’s harder for news publications to make clickbait out of it.
Inflation indicator.
Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.
A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??
I was promised less government spending with a chainsaw on stage! But then again, I was promised many things by idiots on the stage! None of which materialized, oddly enough.
Anyway where are the Epstein files?
Ask your politicians not us
Why did no one warn us that a failure of a businessman would utterly fail at the business of running an economy?
First a failed painter. Now a failed businessman. Who’s gonna be next?
I can bake a rubbish cake.
If it tastes good then it’s not a failure.
Then if Dems get in power suddenly Republicans will care about spending again. Everyone knows how this song and dance goes.
If dem tears down east wing during a shutdown and you’ll hear bad decorum or some bs and massive smear campaign about federal workers not being paid.
Wow, interest alone on the debt is now hitting $1trillion a year and expected to hit $14 trillion in 10 years!?
And this is despite Americans being taxed $350bn through trumps tarrifs.
Elon Musk is very quiet about this - wasn’t this why he went all in on DOGE?
He went for Doge to remove or incapacitate agencies inconveniencing his businesses, particularly SpaceX. The Doge Dumbasses wrecked everything else by vibe.
We cut all those programs and jobs and the deficit still went up?
I wonder what happened to all that money they were saving by doing that?
And not a peep out of the party of “fiscal responsibility”.
Really says something about the Cons, doesn’t it.
Yeah they’ve been pushing that false narrative while being the reason we keep increasing our spending while also cutting revenue for DECADES.
Let them eat cake
When does Great Depression 2.0 start?
Been to the grocery store? I’d say it’s ramping up right on schedule.
last february?
Damn, those Republicans are great at managing the government’s finances.*
*This a scarstic comment
I’m sure you wanted to write sarcastic but I can imagine the happenings recently may have left some scars.
And you all got stimulus cheques this time too, right?! Right…?
I’m still living off the last one. I couldn’t even imagine doubling such wealth.
$400 check, and $400k in PPP loans that I will totally repay (if I have to)
Who actually owns this debt? Who is getting the interest payments? It seems like every country runs on some kind of deficit - where is all this money coming from?
Capitalism itself, pretty much
It’s basically spread between various governments (notably Japan, China, Norway), financial institutions and private holders. You can invest into US treasury bonds and that way you’ll hold a piece of the debt. It’s actually been considered the safest investment on the planet for the last century or so.
The biggest single chunk of it is owned by the Federal Reserve - about $4 trillion if I remember correctly. Which kind of… doesn’t make any sense?
Thanks! You’re right, it doesn’t make sense. But Norway played it smart with their oil wealth, didn’t they? Tiny country, and there they are lending money to the US.
bond holders
