U.S. debt tops $38 trillion for the first time, worsened by government shutdown

[Dont Taz Me Bro]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. Eventually, the bill will be due and the American people, most of whom fumble through their daily routines as the non-player characters they are, will simply point their finger at the other tribe as being responsible for the problem when, in truth, everyone is responsible.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

www.cbsnews.com

 

[elektra]

Not being able to spend more money caused record debt and it is not the fault of the greedy power hungry democrats who did spend all the money then borrowed much more

 

[Thinker101]

 

[Mac-7]

There should be no back pay for gov workers who are on vacation during the shutdown

 

[Frankenstein]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. Eventually, the bill will be due and the American people, most of whom fumble through their daily routines as the non-player characters they are, will simply point their finger at the other tribe as being responsible for the problem when, in truth, everyone is responsible.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

www.cbsnews.com

So tell the democrats to sign the clean cr and negotiate

 

[Dont Taz Me Bro]

 

[Mac1958]

And we never see any discussion, or any questions from the paralyzed press, about taxation. Every conversation is about cutting services.

Our wealth gap continues to grow. Trump and his friends are doing better and better. And better. Billionaires are sprouting up everywhere while young people and many Trumpsters can't make ends meet.

We've just shut off. The country is no longer thinking.

 

[Natural Citizen]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. E

Rand isn't the only one...



One of the reasons that Orange Man and his circus cult want them out of Washington is because they actually are fiscally conservative.

And they certainly can't have any of that, now, can they?

 

[WelfareQueen]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. Eventually, the bill will be due and the American people, most of whom fumble through their daily routines as the non-player characters they are, will simply point their finger at the other tribe as being responsible for the problem when, in truth, everyone is responsible.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

www.cbsnews.com

I agree. So let's give into the Dims and end the shutdown by spending another 1.5 trillion that we don't have on illegals and other stupid shit.

 

[AlexanderPK]

Saw that counter today. It spins like crazy. Is there anyone at all who believes it will ever be paid? No f-ng way.
What does a friend does to a former friend to whom he owes money? Isn't that why America doesn't like China?

 

[Blaster]

Congress gets paid despite the shutdown.

 

[CrusaderFrank]

Not long until we hit $40 trillion and with the exception of Rand Paul, nobody in D.C. seems to care much. Eventually, the bill will be due and the American people, most of whom fumble through their daily routines as the non-player characters they are, will simply point their finger at the other tribe as being responsible for the problem when, in truth, everyone is responsible.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.

www.cbsnews.com

Thank you Congress and every President since Coolidge

 

[ColonelAngus]

If Trump is a KING, why did he allow the government to shut down?

 

[Moonglow]

Not being able to spend more money caused record debt and it is not the fault of the greedy power hungry democrats who did spend all the money then borrowed much more

An Arentina here, a couple of Learjets there...You know, a casual week of spending by MAGATs.

 

[CrusaderFrank]

Rand isn't the only one...



One of the reasons that Orange Man and his circus cult want them out of Washington is because they actually are fiscally conservative.

And they certainly can't have any of that, now, can they?

I’m starting to suspect that’s probably why Vivek was booted from DOGE

 

[Darkwind]

And we never see any discussion, or any questions from the paralyzed press, about taxation. Every conversation is about cutting services.

Our wealth gap continues to grow. Trump and his friends are doing better and better. And better. Billionaires are sprouting up everywhere while young people and many Trumpsters can't make ends meet.

We've just shut off. The country is no longer thinking.

Talk about SPENDING ONLY! Taxation is a nonstarter because we've all seen over the past 60 years that the clowns can't ******* stop spending.

 

[progressive hunter]

And we never see any discussion, or any questions from the paralyzed press, about taxation. Every conversation is about cutting services.

Our wealth gap continues to grow. Trump and his friends are doing better and better. And better. Billionaires are sprouting up everywhere while young people and many Trumpsters can't make ends meet.

We've just shut off. The country is no longer thinking.

every conversation should be about cutting the size of fed government and lowering taxs on the people,,

we can start with a balanced budget and cut to fed gov workforce,, "non essential" means just that,,

 

[gipper]

So much for Republicans being fiscally conservative. Yet another major issue the two crime families agree on.

 

[Nobody911]

A large U.S. debt alone does not mean the country will become a failed state, but it does create meaningful economic and fiscal risks that require policy action.

Why and how it could end (plausible pathways, not predictions):

1) Gradual stabilization (most likely if policymakers act)

• How: a mix of slower spending growth, higher taxes, and faster economic growth (productivity gains).
• Result: debt-to-GDP stabilizes or falls over decades; interest costs become manageable; markets keep financing Treasury borrowing at normal rates.

2) Higher interest–rate burden and crowding out (likely if no timely adjustment)

• How: persistent deficits push debt higher; if investors demand higher yields, interest costs rise, consuming more of the budget.
• Result: less public investment, slower growth, pressure for larger fiscal adjustments later.

3) Fiscal crisis / market-driven correction (low-probability but high-impact)

• How: a sudden loss of confidence (e.g., major unexpected policy shock, prolonged debt-limit standoff, or abrupt large selloff by big holders) causes Treasury yields to spike, the dollar to fall, and financing stress.
• Result: rapid recession, forced sharp austerity or an emergency restructuring; possible temporary default or payment delays. This is avoidable with sensible policy and credible fiscal steps.

4) Inflationary erosion of real debt (possible but costly)

• How: unexpectedly high inflation reduces the real value of nominal debt.
• Result: nominal repayment burden falls but at the cost of eroded savings, higher borrowing costs long term, and economic instability.

5) Formal restructuring or default (very unlikely for the U.S.)

• How: explicit write-downs or missed payments if policymakers refuse/are unable to act and markets refuse to lend.
• Result: extreme financial turmoil, but historically U.S. default risk is low because of debtor-control over its currency and deep capital markets.

Key factors that determine the outcome

• Debt-to-GDP ratio and its trajectory (sustainability depends on growth vs. interest rate).
• Interest rates on government debt relative to GDP growth (if r < g, higher debt is easier to service; if r > g, debt compounds faster).
• Political willingness and capacity to enact credible fiscal reforms.
• Confidence of domestic and foreign investors (drives yields and financing conditions).
• External shocks (recession, war, or financial crisis) that raise borrowing needs or reduce revenue.

Bottom line: The United States has more policy tools than a typical sovereign (borrowing in its own currency, deep financial markets, control of monetary policy), so outright collapse is not the most likely outcome. But without credible fiscal adjustments, rising interest costs and slower growth can force painful choices later and raise the risk of a destabilizing market event.

sources:

What are the risks of a rising federal debt? | Brookings

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’ | Fortune

 

[Admiral Rockwell Tory]

There should be no back pay for gov workers who are on vacation during the shutdown

I am sure they are all living it up on the beach in Florida enjoying their time off! [/sarcasm]. I am sure they take a break to charge everything they need to live on the credit card they have with 25% interest.