US debt crosses $40 trillion

@Mott-The-Hoople said
"Investing in job growth means giving rich people money"

no it doesnt

Boo. You still buy into the myth of trickle down economics, which was made up to funnel tax dollars from the middle class to the wealthy.

@wildgrass said
Boo. You still buy into the myth of trickle down economics, which was made up to funnel tax dollars from the middle class to the wealthy.

I havent said anything about it...why do you create this?

@Mott-The-Hoople said
I havent said anything about it...why do you create this?

Yeah you did say government investments in jobs.

@Great-King-Rat said
https://www.reuters.com/world/us-debt-crosses-40-trillion-threshold-after-doubling-under-trump-biden-2026-08-19/

Of which 11,6 under Trump’s watch.

Let’s all come together and try to find a way to blame Obama for this.

What if you were to adjust it to inflation? After all, 40 trillion doesn't buy what it used to. LOL

@Metal-Brain said
What if you were to adjust it to inflation? After all, 40 trillion doesn't buy what it used to. LOL

The entire GDP of the USA is "only" $32 trillion and it's growing at a much slower pace than the debt number.

@AverageJoe1 said
But see below. These Things Cost Money!

Right??

He had to fill up Air Force One to fly over and get the $1.4T in investments from other countries. So that probably cost six or 8000 in fuel ….it adds up, you know.
But it will all come back, it is like making investments. Getting rid of Iran was making an investment, as you will see in the future. Then there is ...[text shortened]... Strategic bitcoin, reserve created
$2 billion to rebuild Western North Carolina
Former aid secured

But see below. These Things Cost Money!

Then pay for them!

@Mott-The-Hoople said
the facts are not what you say

it is BOTH parties...aka the swamp

why dont you join Trump in getting rid of them?

instead you further their propaganda to blame it on one side or the other...meanwhile it keeps growing

You didn't read my post or your own link to the data. The yearly deficit number was $1.5 trillion and then the Republicans passed both a tax cut and a big spending bill purely along partisan lines and they knew for a fact that this would grow the debt and push the yearly deficit number over $2 trillion. And you say that Democrats bear equal blame, none of whom voted for the bill?

Crazy pills.

@wildgrass said

But see below. These Things Cost Money!

Then pay for them!

Suzianne, do you get this post, can you transalate, given your penchant for word salad nonsequiturs..... Is he speaking about payiing college tutions, I do not get it. Or paying one but not the other? Which one?
Sue?

@AverageJoe1 said
Suzianne, do you get this post, can you transalate, given your penchant for word salad nonsequiturs..... Is he speaking about payiing college tutions, I do not get it. Or paying one but not the other? Which one?
Sue?

I was replying to YOUR post about all your pet government projects that you don't think government should pay for.

@wildgrass said
I was replying to YOUR post about all your pet government projects that you don't think government should pay for.

No Nono, I was asking about his post. I was asking you to translate HIS post. I was not asking you about your post, whichever of the 50 you were talking about..

@AverageJoe1 said
No Nono, I was asking about his post. I was asking you to translate HIS post. I was not asking you about your post, whichever of the 50 you were talking about..

The interpretation is that the Republicans in America are the sole cause of the debt because they operate under the assumption that government can spend infinitely without having to pay its bills.

@wildgrass said
The interpretation is that the Republicans in America are the sole cause of the debt because they operate under the assumption that government can spend infinitely without having to pay its bills.

Sole cause. 🤔

This Biden adventure is a bit of cause, don't you think?

AI Overview The largest economic spending driver and financial distribution ("largesse"😉 of the Biden administration was the American Rescue Plan (ARP), a $1.9 trillion stimulus package passed in March 2021.Major Components of the American Rescue PlanDirect Stimulus: Distributed $1,400 economic impact checks to most Americans.Child Tax Credit: Temporarily expanded the child tax credit, significantly cutting child poverty.Unemployment Aid: Extended supplemental federal unemployment benefits.State & Local Aid: Provided $350 billion in emergency funding for state, local, and tribal governments.Other Large-Scale Financial InitiativesPandemic & Stimulus Legislation: Totaled roughly $2.1 trillion in overall deficit impact.Discretionary Spending Expansions: Added about $1.7 trillion.Student Loan Relief: Executive actions and debt transfers accounted for roughly $755 billion to $837 billion.Infrastructure & Industrial Policy: Large investments via the Infrastructure Investment and Jobs Act, the CHIPS Act, and the Inflation Reduction Act directed hundreds of billions toward manufacturing, green energy, and public works.WikipediaEconomic policy of the Biden administration - WikipediaThe New Republic praised Biden's economic record in July 2024, highlighting how record low unemployment led to wage growth at the ...Economic Policy Innovation CenterThe Biden-Harris Spending Binge | EPICOct 23, 2024 — The estimated $4.7 trillion spending increases above the pre-Biden-Harris projection between FY 2021 through 2024 were primarily d...Show all

OR< are you speaking only of the Republicans since Jan of 2024?

@AverageJoe1 said
Sole cause. 🤔

This Biden adventure is a bit of cause, don't you think?

AI Overview The largest economic spending driver and financial distribution ("largesse"😉 of the Biden administration was the American Rescue Plan (ARP), a $1.9 trillion stimulus package passed in March 2021.Major Components of the American Rescue PlanDirect Stimulus: Distributed $1,40 ...[text shortened]... ere primarily d...Show all

OR< are you speaking only of the Republicans since Jan of 2024?

No that was a one time COVID relief bill and it was only needed because of the extremely dumb COVID relief bill passed by Trump Republicans that gave hundreds of billions of money to wealthy people so they could buy yachts and stuff. Remember the PPP? As I said earlier, ine thing Biden could have done better during his term would have been to repeal all of Trump's reckless spending from 2017-2019.

The one big beautiful bill added more debt than biden's whole term, and it was not COVID relief. The Republicans are passing permanent spending bills and massive tax relief at the same time, ballooning the debt permanently all by themselves.

@wildgrass said
No that was a one time COVID relief bill and it was only needed because of the extremely dumb COVID relief bill passed by Trump Republicans that gave hundreds of billions of money to wealthy people so they could buy yachts and stuff. Remember the PPP? As I said earlier, ine thing Biden could have done better during his term would have been to repeal all of Trump's reckless ...[text shortened]... ng bills and massive tax relief at the same time, ballooning the debt permanently all by themselves.

Before y'all carry on with your opinions and big plans, like the list in the OP, i assume that the majority of you have little if any holdings, such as a house, real estate, property, savings, money in stocks, such as that? Be cause you would LOSE all of that if socialism prevails.
I am not asking you personally, but I assume that those who vote for all this literally DO want changes regarding a big change in what people can own, for lack of a better way to say it.
Do you realize all this, or am I off base? I like having my own home, rather than the government having it, or the govt giving some of my assets to other people, marx stuff, you see.

@AverageJoe1 said
Before y'all carry on with your opinions and big plans, like the list in the OP, i assume that the majority of you have little if any holdings, such as a house, real estate, property, savings, money in stocks, such as that? Be cause you would LOSE all of that if socialism prevails.
I am not asking you personally, but I assume that those who vote for all this literall ...[text shortened]... the government having it, or the govt giving some of my assets to other people, marx stuff, you see.

Yeah you always change the subject once you realize you're wrong.

Reagan started it, and all Republican presidents since then have followed his lead. Yes, Biden passed one temporary COVID relief bill that raised the debt level but that is peanuts compared to the rest of it. Massive tax cuts that only benefit the wealthy, contribute to income inequality, and add trillions to the debt. It's not a both parties issue, it is always Republicans. You can't admit that so you pivot to socialism.