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US debt crosses $40 trillion

US debt crosses $40 trillion

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@kmax87 said
The rate of deficit growth obviously had nothing to do with the tax cuts.

And other than AI stocks driving up the market because a small number of players are throwing billions at delivering top class AI that can never recoup the cost of development meaning the bubble of all bubbles is forming which when the crash finally happens, you gonna blame Biden? I'm sure you will.
No,....as far as I am concerned, I would blame myself. A little deep for you but,...we cool.
You follwing the bond market today did you? I didn't think so. Do y'all just pick flowers and throw darts? We will see you on the other side!!!!!!!!!!!

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@Mott-The-Hoople said
Fools being gullible…

https://www.us-debt-clock.com/data/debt-by-president
This wins a prize for "most misleading graph ever".

For example, Obama's second term saw less debt accrued in 4 years than in trumps 2026 just this year. Just in July 2026 the deficit number is higher than the entire year in 2015. I see they're trying to blame Biden but they're passing huge spending bills, and cutting nothing except taxes. Of course that accelerates debt accumulation. Republicans are doing it.

We're only spending $2 billion per day in Iran, but the deficit will be $2 trillion. Why are you making excuses for this garbage?

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@Mott-The-Hoople said
Why are liberals so vulgar? Dayyuuummm
You get your panties in a twist over some naughty words. I get upset when government officials murder people on the streets with no shame.

Dayyuuum indeed.

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@AverageJoe1 said
No,....as far as I am concerned, I would blame myself. A little deep for you but,...we cool.
You follwing the bond market today did you? I didn't think so. Do y'all just pick flowers and throw darts? We will see you on the other side!!!!!!!!!!!
You mean this...From the CFR : https://www.cfr.org/articles/what-the-treasurys-buyback-surprise-says-about-the-bond-market

"The U.S. Treasury surprised investors on August 19 when it announced that it would at least double the amount of longer-dated Treasury bonds that it would buy back from investors—from $2 billion to $4 billion per operation—between September 9 and November 4.
However The move also underlined more fundamental questions: What are the sustainable paths to lower borrowing costs—the kind that flow through to households, businesses, and government debt-servicing costs—and are any of them plausible in the foreseeable future? And how meaningful is it if bond yields settle at structurally higher levels?
The more effective—and sustainable—policy approach is through Fed quantitative easing. Starting in 2008, the Fed adopted an approach previously used by the Bank of Japan, buying bonds to push longer-term bond yields down and stimulate the economy. Today, however, Fed Chairman Kevin Warsh has argued against sustained use of the central bank’s balance sheet and signaled that he would like to shrink it in the years ahead. That makes any Fed-led efforts to reduce yields highly unlikely for now—unless it is done as a one-off response to market failure. "

And you know who Kevin Warsh's hero is? Paul Volker, who caused a lot of economic pain to the average guy in Reagan's first term, by raising interest rates to unheard of levels to reign in inflation. It worked but caused a lot of pain. Given your economy right now, I'm not sure the average guy will take much more pain.

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Trumps probably got that much in some banks…offshore.

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@Great-Big-Stees said
Trumps probably got that much in some banks…offshore.
Guess we are different, so strange. I NEVER think about how successful someone is, how much stuff they have, I mainly think about me doing it. I cannot imagine, And TALKING about it! Geez. Who carss. Go make a pie, Stees

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@AverageJoe1 said
Guess we are different, so strange. I NEVER think about how successful someone is, how much stuff they have, I mainly think about me doing it. I cannot imagine, And TALKING about it! Geez. Who carss. Go make a pie, Stees
I wonder if you think at all. You seem to, what’s it called?🤔 👐 Gotta go and make a Pi.

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@AverageJoe1 said
Guess we are different, so strange. I NEVER think about how successful someone is, how much stuff they have, I mainly think about me doing it. I cannot imagine, And TALKING about it! Geez. Who carss. Go make a pie, Stees
And if the buy backs crater I'm sure someone will point out the fact that Scott Bessent worked for over two decades across different stints at Soros Fund Management.

You know the communist devil incarnate who is against all that is God and Capital and the Great American Way?

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@AverageJoe1 said
No,....as far as I am concerned, I would blame myself. A little deep for you but,...we cool.
You follwing the bond market today did you? I didn't think so. Do y'all just pick flowers and throw darts? We will see you on the other side!!!!!!!!!!!
Every Democrat president for the last 35 years has reduced deficit spending and were forced to rescue a economy from a Republican recession.

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@wildgrass said
This wins a prize for "most misleading graph ever".

For example, Obama's second term saw less debt accrued in 4 years than in trumps 2026 just this year. Just in July 2026 the deficit number is higher than the entire year in 2015. I see they're trying to blame Biden but they're passing huge spending bills, and cutting nothing except taxes. Of course that accelerates debt ...[text shortened]... n per day in Iran, but the deficit will be $2 trillion. Why are you making excuses for this garbage?
facts get in your way?

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@Mott-The-Hoople said
facts get in your way?
Why does your dumb graph split up Trump's debt by year but lumps all of Obama's into one bar?

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@wildgrass said
Why does your dumb graph split up Trump's debt by year but lumps all of Obama's into one bar?
a dumb graph ehh? lol

it doesnt do what you say

go to bottom of page yearly debt links are there

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@kmax87 said
And if the buy backs crater I'm sure someone will point out the fact that Scott Bessent worked for over two decades across different stints at Soros Fund Management.

You know the communist devil incarnate who is against all that is God and Capital and the Great American Way?
So, do you not think Bessent really rounded out his education , by being behind enemy lines!?!? A plant!!

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@Mott-The-Hoople said
a dumb graph ehh? lol

it doesnt do what you say

go to bottom of page yearly debt links are there
You have to stack the Trump bars on top of each other to see that those 5 1/2 years of debt are a lot higher than Obama's 8 years of debt.

Since Trump is trying to blame Biden for his debt, the trend lines are important. Clinton inherited a big deficit and brought it to zero. Then Bush exploded it up one trillion. Obama inherited that, and brought it down to under $500 billion. Trump exploded it again, reflected in the pre-COVID 2019 year when the deficit was $$984 billion.

Both political parties spend lots of money, only one party thinks those things should be paid for. The only thing Biden could have done to reduce Trump's deficits more than he did is to repeal Trump's gratuitous tax cuts. In the end Repblicans just extended them, with no plan to reduce spending or deficit or debt in the foreseeable future.

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@AverageJoe1 said
So, do you not think Bessent really rounded out his education , by being behind enemy lines!?!? A plant!!
One important note is that Republicans have been in charge for a while here now, and they don't have any plans for how to fix this. Scott Bessent blames Joe Biden, but Biden's off to pasture and the problem is continuing to get worse with all their new spending plans. Bessent has no plans to fix the deficit or even to make it marginally better. That's why the bond market is going nuts right now.