The National Debt hits $37 trillion

[YoursTruly]

It's officially over $37 trillion. And at this rate, by the time the next potus takes the helm, Trump will have driven up over $45 trillion. That's if it stays at this rate. But since Trump isn't a fiscal conservative, and neither are his congressmen, I suspect it'll be close to $50 trillion.

BTW, I was just skimming through the RNC platform, and there's almost nothing about fiscal conservatism or responsibility in it now. So that ends the whole "lesser of two evils" argument. They're both equally evil.

 

[EMH]

When W took office, it was $5.9 trillion....

 

[EMH]

Those most responsible

Hastert
Boehner
Paul Ryan
Nancy Pelosi
McConnell
Schumer
McCarthy
Mike Johnson
Lisa Murkowski
Schiff
Cheneys


The "Period of American WO"

When W and homO wrecked America ....

 

[YoursTruly]

Those most responsible

Hastert
Boehner
Paul Ryan
Nancy Pelosi
McConnell
Schumer
McCarthy
Mike Johnson
Lisa Murkowski
Schiff
Cheneys


The "Period of American WO"

When W and homO wrecked America ....

And the presidents who signed all that spending into law. I get the congress holds the purse strings. But if you're 20yr old walked up with your check book, and made out a $100,000 check, and you signed it, then who's to blame?

If/when the president signed those spending bills into law, then it's all on him.

 

[EMH]

And the presidents who signed all that spending into law. I get the congress holds the purse strings. But if you're 20yr old walked up with your check book, and made out a $100,000 check, and you signed it, then who's to blame?

If/when the president signed those spending bills into law, then it's all on him.

Do you credit the "Clinton economy" to Clinton or Newt and the GOP?

 

[YoursTruly]

Do you credit the "Clinton economy" to Clinton or Newt and the GOP?

I don't credit the economy to anyone in government. "We the People" run the economy. The government tries to destroy it with all their borrowing and printing, that devalues the USD and creates inflation. Then "we the people" suffer through all that and keep businesses open. We keep the trucks rolling, she shelves supplied. We keep the lights going. And everything that makes the economy go, we do it.
Then finally wages start coming back up, and the economic recovery cycle starts.

Then we get some big spending RINO or democrat in office who spends us back into another economic down turn again.

Newt nor Clinton paid down the debt substantially. They did set a course that would make it possible. And then RINO W came along and squandered it with wars and stimulus checks.
And it's been the same exact way they've governed ever since. Trump and Biden put the spending into hyperdrive.

 

[EMH]

Newt nor Clinton paid down the debt substantially.

That's BS. There was a clear difference

Newt and GOP were for fiscal conservatism, tax and spending cuts

Clinton and the Dems opposed. in 1995 Clinton shut down the government trying to force more spending.

When we had tax and spending cuts, things got better. When we grew government spending, things got worse....

 

[Mashmont]

It's officially over $37 trillion. And at this rate, by the time the next potus takes the helm, Trump will have driven up over $45 trillion. That's if it stays at this rate. But since Trump isn't a fiscal conservative, and neither are his congressmen, I suspect it'll be close to $50 trillion.

BTW, I was just skimming through the RNC platform, and there's almost nothing about fiscal conservatism or responsibility in it now. So that ends the whole "lesser of two evils" argument. They're both equally evil.

So thank you for recognizing President Trump has signficantly slowed the debt increase on his way to reversing it. It took eight full months to increase it from $36 to $37 trillion, and this was without all of Trump's cuts being yet implemented. You can see the Alzheimer's patient Biden increased the debt much faster.

Let's look at the past few milestones for the national debt:

$32 Trillion - June 2023
$33 Trillion - Sept. 2023 (3 months)
$34 Trillion - Jan. 2024 (4 months)
$35 Trillion - July, 2024 (6 months)
$36 Trillion - Dec. 2024 (5 months)

$37 Trillion - Aug. 2025 (8 months)

How much do you want to bet that $38 Trillion won't be reached for an even longer period than 8 months?

 

[shockedcanadian]

Any deal with China should include.at lesst 50% tariffs. It has been all out war on the U.S since 1999. Will America finally.wake up, or will you fall off of the global leader mantle? Trump allowing nvidia and AMD chips.be sold to china doesn't increase my faith that the MSS is going to lose. America cannot be sacrificed for Wall Street and a few easy dollars. Canada has already lost, America must survive snd thrive.

 

[YoursTruly]

So thank you for recognizing President Trump has signficantly slowed the debt increase on his way to reversing it. It took eight full months to increase it from $36 to $37 trillion, and this was without all of Trump's cuts being yet implemented. You can see the Alzheimer's patient Biden increased the debt much faster.

Let's look at the past few milestones for the national debt:

$32 Trillion - June 2023
$33 Trillion - Sept. 2023 (3 months)
$34 Trillion - Jan. 2024 (4 months)
$35 Trillion - July, 2024 (6 months)
$36 Trillion - Dec. 2024 (5 months)

$37 Trillion - Aug. 2025 (8 months)

How much do you want to bet that $38 Trillion won't be reached for an even longer period than 8 months?

I hope Trump can stop the increases. But so far, he's not even trying to curb spending. A CR and an massive reconciliation bill already? And another CR coming up next month?

 

[YoursTruly]

Any deal with China should include.at lesst 50% tariffs. It has been all out war on the U.S since 1999. Will America finally.wake up, or will you fall off of the global leader mantle? Trump allowing nvidia and AMD chips.be sold to china doesn't increase my faith that the MSS is going to lose. America cannot be sacrificed for Wall Street and a few easy dollars. Canada has already lost, America must survive snd thrive.

Tariff increases are paid by that countries consumers. So you're wanting us to have a 50% tax increase?

 

[YoursTruly]

That's BS. There was a clear difference

Newt and GOP were for fiscal conservatism, tax and spending cuts

Clinton and the Dems opposed. in 1995 Clinton shut down the government trying to force more spending.

When we had tax and spending cuts, things got better. When we grew government spending, things got worse....

When Bill Clinton took office on January 20, 1993, the U.S. national debt was approximately $4.4 trillion. When he left office on January 20, 2001, it was about $5.7 trillion.

He didn't cut the national debt at all.

 

[Natural Citizen]

A CR and an massive reconciliation bill already? And another CR coming up next month?

I was just thinking today as I was flipping through threads about how far into the hole government will have the country by the time the 2028 general election comes around.

I think it'll be in the 40+ trillion range.

Because they're gonna keep sending CRs and reconcilliation bills while simultaneously moving to primary and remove any threats of opposition by legitimate fiscal conservatives.

And their base pretty much consitently been just like...umkay. I highly doubt that this complacency will change either.

So, knowing that, they're likely gonna load em up as much as they can.

 

[BluesLegend]

It's officially over $37 trillion.

The Dem's share is $27 trillion. How about we divide it, Dems pay off their $27 trillion and we'll pay off our $10 trillion that's fair.

 

[shockedcanadian]

Tariff increases are paid by that countries consumers. So you're wanting us to have a 50% tax increase?

Only with China.

 

[Mac1958]

It's not about money. It's about a political/electoral "system" that incentivizes and rewards the very worst impulses of its participants.

This has been a true team effort. The Titanic is sinking and the deck hands are pointing the finger at each other.

The tribes protect themselves at all costs. The Big, Beautiful, Bloated Bill is just the latest example. We earned this mess.

 

[pknopp]

Only with China.

Not that you have to pay it.

 

[Mashmont]

I was just thinking today as I was flipping through threads about how far into the hole government will have the country by the time the 2028 general election comes around.

I think it'll be in the 40+ trillion range.

Because they're gonna keep sending CRs and reconcilliation bills while simultaneously moving to primary and remove any threats of opposition by legitimate fiscal conservatives.

And their base pretty much consitently been just like...umkay. I highly doubt that this complacency will change either.

So, knowing that, they're likely gonna load em up as much as they can.

Read my post #8. Trump has slowed down the debt increases. The CBO predicts a smaller rise in the debt over 10 years, and they are partisan leftwing.

 

[John Edgar Slow Horses]

All of DC is at fault.

 

[sparky]

so ....is more debt bad in a debt driven economy?, or is it only bad when the debt/GDP ratio goes China ???

~S~