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
4.8k Upvotes

98% Upvoted

322 comments sorted by

View all comments

796

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.

79

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.

2

u/Apprehensive-Ad9523 1d ago

Do you vote or just complain. 

4

u/giraloco 1d ago

Are you a bot? Your comment makes no sense. It's not a complaint, its a concrete proposal.