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return2ozma@lemmy.world to News@lemmy.world · 11 days ago

US debt reaches $37 trillion years before expected

www.newsweek.com

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US debt reaches $37 trillion years before expected

www.newsweek.com

return2ozma@lemmy.world to News@lemmy.world · 11 days ago
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In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.
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  • Nunar@lemmy.world
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    11 days ago

    “Let’s run the country like a business!” Also, “let’s cut our revenue by the most ever seen in history”.

    Our debt is going up! (surprised Pikachu face)

    This is the liberals fault!

    No business owner would voluntary cut their revenue. They’re not businessmen, they’re con artists turned tyrants.

    • suigenerix@lemmy.world
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      11 days ago

      Make America Grim Again

  • Bgugi@lemmy.world
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    10 days ago

    Seriously?

    What idiot thought it would take a trillion years for the US to rack up $37 in debt?

  • expatriado@lemmy.world
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    11 days ago

    i thought we were going to doge that bullet

    • wetbeardhairs@lemmy.dbzer0.com
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      11 days ago

      The secret is Trump will debase our currency to the point where a hotdog stand charges a million dollars for a can of soda. Then our debt will be relatively meaningless and easy to pay off.

      • DaddleDew@lemmy.world
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        11 days ago

        I really hate that so much in US politics right now reminds me of 1930’s Germany

      • DMCMNFIBFFF@lemmy.world
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        11 days ago

        “300 buys you a sandwich.”

        https://www.youtube.com/shorts/8AMsq8fCzhg

        • wetbeardhairs@lemmy.dbzer0.com
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          11 days ago

          Quite possibly a view into our future. Let’s hope the end of Nick Offerman’s performance is prescient.

      • binarytobis@lemmy.world
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        11 days ago

        Then our debt will be relatively meaningless and easy to pay off.

        Not that we would.

    • WindyRebel@lemmy.world
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      11 days ago

      Pun is warranted and acceptable. Thank you

  • Chaotic Entropy@feddit.uk
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    11 days ago

    What happens when someone uses an entire country as collateral while stuffing their own pockets. Watch it happen, now!

  • s@piefed.world
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    11 days ago

    Solution: sacrifice the richest people until their wealth adds up to $37 trillion and maybe a few more rich people just for extra security

    • MyNameIsIgglePiggle@sh.itjust.works
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      10 days ago

      The solution is to stop trading oil in USD then nobody will want it anymore

  • ABetterTomorrow@sh.itjust.works
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    11 days ago

    Classic republicans spending way too much. To them conservative = spend and waste more.

    • UnderpantsWeevil@lemmy.world
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      11 days ago

      There’s a world in which the US is carrying $37T, everyone lives in a spacious public condo, rides the UltraMax train around town to their 30 hour/week jobs or publicly financed doctor’s appointments or state financed university classes or luxury public park and spa.

      And I think that would be money well spent.

      Shame we don’t live in that country

      • gAlienLifeform@lemmy.world
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        11 days ago

        “Sure, basically all available economic data suggests that society would become far more productive and stable if the neediest people were given enough stability to develop into contributing members of society, but if I don’t see people I don’t like suffering terribly then I will feel there is no right and wrong in the world and I might as well go have sex with a child like we all secretly want to.” - social conservatives (actually)

  • Gates9@sh.itjust.works
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    11 days ago

    Trump will be the first president under which a sovereign default will occur

    • ikidd@lemmy.world
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      11 days ago

      At the rate the USD is declining against other currencies, I’d say it’s going to happen before the midterm. His only hope for prolonging this is to replace Jerome Powell and bandaid it until it’s someone else’s problem. Or start a war.

  • Phil Dowson@lemmy.world
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    11 days ago

    US debt reaches $37, a trillion years before expected. FIFY

    • Whats_your_reasoning@lemmy.world
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      11 days ago

      This is how I first read the headline, too. It took a double-take to read it correctly.

  • lmdnw@lemmy.worldBanned from community
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    11 days ago

    “Conservative” fiscal “responsibility”

  • ThePowerOfGeek@lemmy.world
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    11 days ago

    WE’RE NUMBER ONE! (…in debt).

    • LadyMeow@lemmy.blahaj.zone
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      11 days ago

      USA UsA usaUAS … were the greatest!

  • Plurrbear@lemmy.world
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    10 days ago

    I still waiting for the damn “trickle down economics“ that Reagan PROMISED!

    • QueenHawlSera@sh.itjust.works
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      10 days ago

      If America paid attention to its own history Reagan would be remembered as the worst president

      • T00l_shed@lemmy.world
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        10 days ago

        Second worst now, imo

        • QueenHawlSera@sh.itjust.works
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          10 days ago

          An America that learns from Reagan would never have elected Trump

          • T00l_shed@lemmy.world
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            10 days ago

            Yes, no argument here. I know Reagan holds a lot of responsibility for the prep, but i think trump is still worse

        • captainlezbian@lemmy.world
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          10 days ago

          Maybe third, Jackson was really fucking bad

      • mineralfellow@lemmy.world
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        10 days ago

        There is really a lot of competition for that spot.

  • AlexLost@lemmy.world
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    10 days ago

    That’s what a conman as leader of your country will get you. Fired half the government workforce, still spent more money than the last guy and he’s only been in office for 6 months. It only goes down from here folks, hope you enjoyed the ride. This is your last stop.

    • StarryPhoenix97@lemmy.world
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      10 days ago

      deleted by creator

  • RejZoR@lemmy.ml
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    11 days ago

    Those are just fake numbers. USA is not in debt, in fact it has a surplus of 9000 quintilions. Trump probably.

    • Coskii@lemmy.blahaj.zone
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      It’s OK. I heard after the prescription price reduction, he’s looking to lower the national debt by at least 1500% also.

    • bitjunkie@lemmy.world
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      11 days ago

      Trump has definitely never used the word “quintillion”.

  • Treczoks@lemmy.world
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    10 days ago

    Well, things like that happen when you throw money at billionaires instead of collecting taxes from them.

  • cmeu@lemmy.world
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    11 days ago

    How unexpected!

    • PattyMcB@lemmy.world
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      11 days ago

      Who could’ve seen it coming?!

      /s juuuust in case some dummy out there doesn’t get it

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