US National Debt Hits a New Record: $36 Trillion

Saturday, November 23, 2024

As if lawmakers needed any other reasons to take America's fiscal health seriously, the gross national debt of the United States has now officially reached $36 trillion.

Posted by gracieamazed at 02:34 PM | 18 COMMENTS | permalink

Comments

I'm confident Trump can single handedly double that in the next four years.

I know another tax cut for America's wealthiest will help get us there.

MAGA! MAGA! MAGA!

#1 | Posted by ClownShack at 2024-11-22 07:09 PM

Just please don't tax billionaires. They can't handle it.

#2 | Posted by LegallyYourDead at 2024-11-22 07:35 PM

I'm confident Trump can single handedly double that in the next four years.

The US National debt hit a new record every single day he was president the last time, so you are likely correct.

#3 | Posted by REDIAL at 2024-11-22 07:51 PM

www.crfb.org

...
President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.

President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.
...

#4 | Posted by LampLighter at 2024-11-23 01:34 PM

Thanks Trump!

#5 | Posted by a_monson at 2024-11-23 02:43 PM

Well ya know... the economy is cyclic... the highs and the ups last about 6-7 years... the crashes last a couple of years sucking up a large percentage of the high...and the recovery takes 5 or 6 years to regain what was lost and grow again.

It doesn't matter who is in charge...

Biden had four good years... stellar for the stock market... envy of the world...

Imma buy some popcorn... go on like youtube never happened

#6 | Posted by RightisTrite at 2024-11-23 04:18 PM

"That's nothing, I'll get it way over 40T in my first year in office, hopefully 50T by the time I move to Venezuela!

Donalt Trump but as Elon told less afluent Americans there's going to be some economic suffering for the non-billionaire Trump suckers.

#7 | Posted by danni at 2024-11-23 04:39 PM

Here's a clever political strategy: cut taxes for billionaires that cost trillions of dollars and then blame your successor for the inflation it causes; knowing of course, all your suppoters are too stupid to connect the dots.

#8 | Posted by danni at 2024-11-23 05:01 PM

Isn't everyday a new record?

#9 | Posted by oneironaut at 2024-11-23 05:15 PM

The debt isn't cyclic

#10 | Posted by oneironaut at 2024-11-23 05:16 PM

Biden had four good years... stellar for the stock market... envy of the world...
-RiR

When will you realize the stock market is the first beneficiary of the dollar creation system, that sustains the US government?

And will be the last to fall.

#11 | Posted by oneironaut at 2024-11-23 05:18 PM

I was just... thinking about trends. Sometimes it's not bad to lose an election. Really Bill Clinton scored in his timing as did Obama...sealed their historical reputations.

It wasn't really Bushturd2... it was his timing... and big business greed.

The debt isn't cyclic

#10 | Posted by oneironaut at 2024-11-23 05:16 PM | Reply | Flag EYE$ ROLL

aaaaaaannnnnnd who is going to collect on this debt and what will it look like? Seriously... I want to know. Been listening to this ghost story all my life... except during Clinton years when he was paying it down... who is this mysterious and deadly debt collector?

Can someone tell me what I am supposed to be afraid of? Everyone I know who has accrued huge debt and couldn't pay it off just filed bacruptcy and poof. They gonna put us in debtors prison? Gonna repo my SUV? All the SUVs?

Personally... I would never go bankrupt... I'd rather die... but that's just my ego tripping... and the thought of killing myself keeps me from accruing a lot of debt. Yet I am always hearing about this HUGE debt that doesn't matter when they talk about going to war.

I'd like to worry about something tangible...threatening... evil instead of some abstract like this debt that never goes away and somehow nothing changes because of it... and yet it's scary.

#12 | Posted by RightisTrite at 2024-11-24 12:24 PM

One might think all those tax cuts for corporations and upper income earners since '80 were a horrible mistake.

#13 | Posted by morris at 2024-11-24 03:00 PM

One might think all those tax cuts for corporations and upper income earners since '80 were a horrible mistake.

#13 | Posted by morris at 2024-11-24 03:00 PM | Reply | Flag:MMMHMMMM

Here what was said about that:

Reagan proved deficits don't matter.

Dick Cheney

so... what's the problem? What's the threat? Tell me the pending doom. I keep hearing about it. They keep yammering about it. What is going to happen?... a hand full of oligarchs are going to pick up their marbles and move to another planet?... what? what? what?

#14 | Posted by RightisTrite at 2024-11-24 05:57 PM

#14 | Posted by RightisTrite

A quick Google search reveals: The annual cost to taxpayers to service the national debt was $726 billion in July 2023, which was 14% of total federal spending. As of October 2024, the cost to maintain the debt is $82 billion, which is also 14% of the total federal spending in fiscal year 2025.

Perhaps, just maybe, there might be better uses for that money than enriching the debtholders?

#15 | Posted by morris at 2024-11-25 12:26 PM

I know another tax cut for America's wealthiest will help get us there.

MAGA! MAGA! MAGA!

#1 | Posted by ClownShack at 2024-11-22 07:09 PM | Reply | Flag:
(Choose)
| Newsworthy 1

Wait Clown, you're not disputing this? I mean for the last 4 years you said your party had it under control. What happened? Let me guess, it just shot up because Trump won the election? Just crawl back under your rock. The adults will be in charge in January.

#16 | Posted by fishpaw at 2024-11-25 12:41 PM

fishpaw is really proud of his white sexual harassment cabinet.

#17 | Posted by Alexandrite at 2024-11-25 12:42 PM

The adults will be in charge in January.

#16 | POSTED BY FISHPAW

Yeah. It's just too bad those adults live in Russia.

#18 | Posted by donnerboy at 2024-11-25 12:55 PM

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