Trump

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US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic


In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

The Government Accountability Office outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services.
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Trump wrecked it all his first term, Trump-Vance doing it now. MAGA levels rising.

Meanwhile we're paying billions to retrofit a luxury (Qatar gifted) jet, build a air force base for Qatar in Idaho, a giant arch in Washington and a football field sized golden monstrosity ballroom, while billionaires get more tax breaks.
 
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