no debt limit showdowns while Republicans are in charge
Que flexible.
How's the deficit looking now that fiscal conservatives are running the show?
SNAFU
"conservatives" really shut the up about the debt months ago, didn't they?
Special thanks to Chuck Schumer, it couldn't have happened without him
Debt good now?
Special thanks to Chuck Schumer, it couldn't have happened without him
” www.wsj.com/opinion/jero...WSJ Editorial Board: “love or loathe Mr. Powell, Mr. Trump chose him. Mr. Trump also chose the tariff taxes, and a mul ude of no-growth tax and spending handouts in the new budget bill. Now the President has to live with his choices.
The sharpest drop was on the national debt, where 34 percent rated Trump's handling as "excellent" or "good," compared to 59 percent who said it was "terrible" or "poor"—a record-high disapproval figure and a 25-point negative gap.
dp
trajectory steepened after the Great Financial Crisis, and then again after the Trump super dole in 2020
the Trump strategy such as it is seems to be to try to put everybody in pain, so they'll all pay you to promise to lessen it
mass impoundment of appropriated funds, grant cancellation and mass firings are a big part of it
the top-down censorship of naughty words via EO and regulatory strong-arming are just getting warmed up
record national debt under Trump -- he has done nothing to make it better and a whole lot to make it even worse
https://www.1011now.com/2025/08/12/u...tment-reports/the U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.
The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances.
The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump and former President Joe Biden to stabilize the national economy and support a recovery.
And now, more government spending has been approved after Trump signed into law Republicans’ tax cut and spending legislation earlier this year. The law set to add $4.1 trillion to the national debt over the next decade, according to Congressional Budget Office estimates.
Chair and CEO of the Peter G. Peterson Foundation, Michael Peterson said in a statement that government borrowing puts upward pressure on interest rates, “adding costs for everyone and reducing private sector investment. Within the federal budget, the debt crowds out important priorities and creates a damaging cycle of more borrowing, more interest costs, and even more borrowing.”
Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Ins ution said Congress has a major role in setting in motion spending and revenue policy and the result of the Republicans’ tax law “means that we’re going to borrow a lot over the course of 2026, we’re going to borrow a lot over the course of 2027, and it’s just going to keep going.”
The Government Accountability Office outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services.
Peterson points out how the trillion-dollar milestones are “piling up at a rapid rate.”
The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. “We are now adding a trillion more to the national debt every 5 months,” Peterson said. ”That’s more than twice as fast as the average rate over the last 25 years.”
The Joint Economic Committee estimates at the current average daily rate of growth an increase of another trillion dollars to the debt would be reached in approximately 173 days.
https://www.newsweek.com/us-governme...conomy-2112581US Debt Reaches $37 Trillion Years Before Expected
...
The pace of debt ac ulation has also quickened dramatically. The U.S. hit $34 trillion in January 2024, $35 trillion in July, and $36 trillion in November — meaning each additional trillion has been added roughly every five months. According to the Joint Economic Committee, another trillion could be added in just 173 days at the current rate.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, urged lawmakers to act swiftly. "Hopefully this milestone is enough to wake up policymakers to the reality that we need to do something, and we need to do it quickly," she said.
The mounting debt is also tied to a growing budget deficit, which rose 20% in July compared to the same period last fiscal year, according to Treasury Department data. The increase came despite record customs revenue from President Trump's tariffs, which generated $21 billion in July alone — a 273% increase over last year. A Treasury official, speaking to the Associated Press on condition of anonymity, attributed higher spending partly to rising interest payments on the public debt, as well as cost-of-living increases in Social Security and other federal programs.
Even as Trump touts the tariffs as a boon to U.S. finances, federal spending continues to outpace revenue. Analysts note that while tariff collections could rise as companies deplete pre-tariff inventories and import more goods, such gains are unlikely to meaningfully shrink the deficit. Persistent shortfalls mean the government must keep borrowing, further driving up the national debt.
...
due to the permanent fake trade deficit emergency
Trump is openly confabulating, his mental and psychological deterioration is being perceived in real time
Spending is up ~7% over 2024
(radio silence from right wing SpursTalkers)
Radio silence, bro, it's you, me, and like 4 other people here at ST nowadays while the others spectate and talk bball on BB.
Btw, delving deeper into debt is not fiscal in the least. Both sides suck at not spending our tax dollars and Trump's admin is no different than all past president's and their admins. They're all crooks!
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