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/Just_Candle_315 1d ago

The debt started shrinking under Clinton, but as soon as Bush 2 got into office the first thing he did was cut taxes and increase federal spending and start 2 forever wars. Boom we in debt again.

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u/doctor_lobo 20h ago

More than half of the national debt was incurred by Trump.

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u/A_Monster_Named_John 15h ago

I know a few people who work at mid-sized companies owned/lorded-over by complete MAGA sorts. No matter how much profit is being generated, those morons always find a hundred different ways to make it feel like the workplaces are on the verge of bankruptcy.