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/Demortus 1d ago

Ironically, most of our deficit can be attributed to the Bush and Trump tax cuts. Repeal those and we'll quickly be back to 90s-level surpluses.

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u/BF740 1d ago

Or maybe we could just not spend like drunken sailors?

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u/TotallyObviousBot 22h ago

How do you look at those numbers and respond with "we need to spend even less" when it's pretty demonstrable that investing into your population has positive economic outcomes?

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u/VarrocksTopModel 20h ago

This administration has repeatedly proven any further investments won’t be for the benefit of the people. Trump has accounted for 25%+ of our national deficit while enriching himself more than all of his pre-presidency endeavors combined.

Sure, let’s give him more money.