Posted on 06/19/2025 3:32:38 PM PDT by fhayek
I don't know how 'official' this site is, but if you follow U.S. Debt Clock.org, we should hit $37 trillion in the national debt sometime after 9:00 pm Eastern Time (if my math is correct, which I wouldn't count on..). If you are the kind of person who likes to watch the odometer in your car turn over, this could be a real treat.
Of course, the reality is that we are governed by feckless idiots who have seemingly abandoned all fiscal reponsibility. So, this is really a monument to their uselessness.
I wonder the day and time of 38 ttttrrrrilllionnnn.
The Debt Clock may soon hit $37 trillion, but why is the Official National Debt to the Penny by the US Treasury only $36,215,397,741,847.76 as of June 17,2025????
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
Headed to $60 trillion over the next 10 years if the BBB passes! Wahoo! Go, National Debt, go!
Being in debt for the next 20 generations never felt so good!
Let’s git ‘er done!
“Headed to $60 trillion over the next 10 years if the BBB passes! “
So wrong.
Makes it pretty damn clear just how corrupt these government insiders were/are. If I ran my life like the corrupt run the government, I’d be bankrupt, in debt, homeless and sleeping under a freeway.
Thanks for posting. Waste, Fraud, abuse. Spend, spend, spend. Tax and control, control, control. Economic slavery. Accountability? ZERO. CONgre$$.
Ya probably take 5.
None of the savings way off in the future will ever happen
I remember a canvasser coming to my house during Clintoon’s presidency and he asked me what I thought was our biggest problem as a nation and I said the national debt (a measly 5 Trillion at that time). The canvasser laughed about it.
Pffft. Let me know when we hit $50T clean. It isn’t going to be long. Trump doesn’t care about the debt. The GOP don’t care about the debt. Only about 6 or 7 congressional conservatives care about the debt.
We are going to hit $50 trillion before 2030.
I am just trying to run out the clock. I keep praying I will be dead and buried before the reset. Hyperinflation or deflationary depression. Just watch how the EBT crowd react. As long as everybody continues to pretend debt doesn’t matter, than debt doesn’t matter. At least, not until that unavoidable Black Swan when all pretending ends and the devastating financial collapse cannot be avoided.
I am jus ttrying
The (Biden) gift that keeps on giving.
There are “fluctuations” (like at “Tax Time”/April) but for 2025 according to “debt to the penny” we have so far been averaging $9.5 Billion in new national debt per month in 2025 ($317 Million per day). It looks like deficit spending increases towards the end of the year every year...we racked up $2.23 Trillion in new debt last year. So $37 Trillion may be a few months off according to “official” records.
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
The big concern is the annual interest expense on that debt...around $1 Trillion! More than the DoD budget and the Medicare budget.
https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/
“We are going to hit $50 trillion before 2030.”
On May 20, the Congressional Budget Office (CBO) released its estimate for the negative impact of the Big, Beautiful Bill (BBB) on the nation’s deficit and public debt. The CBO, which has been notoriously inaccurate with its estimates in the past, really missed the boat on this one.
One part of the BBB, which was recently passed by the House of Representatives, is to make the 2017 tax cuts permanent for all Americans. Some additional tax cuts were added to the bill for specific groups of Americans. In addition, the bill reduces government spending by making some programs more efficient and less costly.
https://micbusler.medium.com/cbo-wrong-big-beautiful-bill-will-not-increase-the-deficit-fa9caff7f89c
We don't deserve the unprecedented wealth we've been entrusted with. Americans - even "conservatives," many here, have become weak neo-socialists who've proven they don't deserve nice things. Everyone gets a check, instead of caring for each other and their own families. Our founding principals and Christian values have been flushed away.
A wake-up call, like a real war, a nice starvation event or fiscal bankruptcy is needed.
But there are limits. There is an old Chinese proverb. Or at least it sound like it should be an old Chinese proverb. "That which cannot go on forever, won't. Now I am not a BRICS alarmist, or a cryptocurrency chauvinist. But, at some point, at some time, the world will become less enamoured with U.S. debt. Maybe not today. Maybe not tomorrow, but at SOME point. Then something drastic will have to happen. Either crank up the printing presses in a hyperinflation spiral, or dramatic increased in interest rates to prevent a global sell-off. There may be other options, wealth confiscsation, default, I don't know, but it is all bleak.
My point? Time. We could have seen this unfolding twenty years ago. We could have seen it ten years ago. WE HAVE TIME NOW! But we have to start taking the necessary actions. I mean, if you are on the road to ruin, and everyone says, you are on the road to ruin, wouldn't the prudent course be to get off the road to ruin? But no.
For me the ten ton canary in the coal mine is DOGE. If we cannot agree to cut out obvious fraud, waste, corruptions, how are we going to tackle the problems with Medicaid, Social Security, Welfare. I mean our leaders laugh when presented with the fact that the State Department and the Pentagon show multi billion dollar discrepancies when they are audited. So yeah. I think collapse is inevitable. And the EBT crowd is going to be angry...
The only way to kill the parasite sometimes is to kill the host. Let it crash.
They ran out of money to update that one.
37 1 trillion dollar coins and we’re good.
I mean they let ba ks create money out of nothing, at least there’d be physical coins.
Banks
Damn touchscreen
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