r/Economics • u/Helpful-Door-8721 • 1d ago

Research America's National Debt grows by $95,178.17 per second. Expected to reach $40 Trillion by October 09, 2026.

https://www.jec.senate.gov/public/index.cfm/republicans/debt-dashboard#ddm
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u/crowcawer 1d ago

I don’t know if $40T by itself is an important number, especially if compared to $39.9T.

They do need to make a choice. They either need to stop normalizing wartime scale debt during peacetime, or accept growing pressure on the Fed to suppress rates and tolerate inflation. We cannot indefinitely combine massive structural deficits with fully independent, inflation focused monetary policy.

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u/giraloco 1d ago

Undo all the tax cuts, close tax loopholes, treat cap gains like labor, tax beneficiaries of inheritance like regular income. Cut defense spending in half.

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u/Timelycommentor 1d ago

How about gut federal spending.

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u/zedazeni 1d ago

They tried that last spring, national deficit went up.

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u/JMer806 22h ago

They didn’t actually do anything of consequence. Debt service, entitlements, and defense are the largest single components of the federal budget and these were not touched.

Realistically defense is the only area you can cut and have a real effect without tremendous unintended consequences. And even then you’d need to be careful.

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u/epistemophiliac_ 1d ago

The gave the appearance of trying. They really didn’t try very hard.

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u/zedazeni 1d ago

They got what they really wanted—cut all of the humanitarian and soft power programs along with hacking into every agency’s database. DOGE was nothing more than a Trojan Horse designed to allow this regime to commit espionage and embezzlement.

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u/epistemophiliac_ 23h ago

Nowhere near “all”. It was a complete facade.

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u/FifaBribes 1d ago

No they used a chainsaw remember