A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??
Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.
Anyway where are the Epstein files?
Biden added 8 trillion…
And so did Trump’s first term. Except $8 trillion in 2012-2016 was a lot more than $8 trillion in 2016-2020. Right now we can safely expect over $10 trillion of increase by Trump’s second term’s end. If it ends, that is.
Over the course of President Trump’s four years in office, the gross national debt grew from $19.95 trillion to $27.75 trillion – a $7.8 trillion increase (debt held by the public – the more economically-meaningful measure of debt – grew by $7.2 trillion over this period). However, much of this borrowing was due to policies put in place before President Trump took office or due to unexpected changes in circumstance. Debt was already projected to grow by about $3 trillion for the four years of his term when President Trump took office, and some of the additional debt accrued was also the direct result of the COVID-19 pandemic and recession. It’s also important to note that the government was holding an unusually large $1.6 trillion in cash when President Trump left office, which inflated the growth in debt relative to the deficit run during his time in office.
It’s almost like biden had to spend a fuck ton to try and fix the shit trump 1.0 broke
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?
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?
bond holders
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?
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.
When does Great Depression 2.0 start?
last february?
Been to the grocery store? I’d say it’s ramping up right on schedule.
Is it great again yet?
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?
Let them eat cake
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.
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.
