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U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic (www.pbs.org)
submitted 1 year ago by to c/economics@lemmy.world
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In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

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[–] 1 point 1 year ago (1 child)

Lol, DOGE was the quickest abandoned federal organization ever. Trump used it to get votes of real conservatives and some libertarian types.

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  • [–] 1 point 1 year ago

    So we are going to stop helping millions of people across over a hundred countries, and spend more money somehow not doing it?

    "Yes Sir, a lot of people would call it dumb to spend more and not help people, it even cuts jobs from Americans"

    Yeah let's go with that, and uhhh, fire a lot more Americans while you are at it.

    "Where?"

    Everywhere you can find them, just fire people until things break, and we'll see if we can fix those things once they are broke.

    "Sir that's going to cost more money, hurt more people, and cut more jobs"

    Yes, that's why we are doing it, and uh tax everyone more and send the money directly to the Treasury so I can write myself checks from it,

    "Who would vote for you... Holy shit they are voting for you"

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