Posted on 08/13/2025 7:24:07 PM PDT by SeekAndFind
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 Institution 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.”
(Excerpt) Read more at nbcnews.com ...
I remember reading back when the media was blasting GWB because our debt at the time was like five hundred billion.
We’ll Never get back the Trillions that Biden w/Massie sent to Woke Infrastructure that will be used against traditional Americans for decades.
Pelosi and Schumer stuffed those bills along with Biden’s favorite slush funds.
Lowering the interest rate would be a big help.....I think that's what the President said...
The Nation will not recover from this amount of Debt...either it will default on the Dollar or total economic collapse or both..
There are many calculations floating around Washington that indicate the actual debt is north of 60T, and there are some that say it is actually over 110T. A lot has to do with how the govt fudges numbers.
The Federal Government is the only entity that can run 2 sets of books, on the books debt and off the books debt...If you think the Good Faith of the Taxpayer will pay it off then I want what you are snorting.. The Taxpayer is all tapped out...
Boy, all the lawyers turned professional lifer politicians sure did a good job the past several decades.
Trump will hit the country with a Digital Dollar this fall. Akin to a default, a new Digital Currency will not simply relabel the USD but will actually replace the real USD in use. The value of the digital dollar will be worth less and when indexed for inflation, much less. The formula of devaluation of the dollar years after spending while paying the workforce/taxpayers in newly devalued dollars can not continue to work.
Trump’s efforts to rob the national treasuries of trade partners in lieu of them being hit with major tariffs is a trade off - and it ensures that Washington/USA continues to dominate the world in USD trade.
Enter Brics, and Trump cannot succeed. The outright theft by threats of the S.Korean 350B treasury and Japan’s will come back to haunt our children, if not sooner. Trump cannot just steal the actual currency reserves of other nations, or base his tariffs as a value equal or exceeding their reserves, and them not forget. All the hoopla about Trump bringing manufacturing back to the US is by removing it from our partners, and by robbeing their currency reserves.
No is telling the American people that this is the case, but in the future you will begin to hear countries like South Korea and Japan having protests and exploring membership in Brics.
Trump is making the case for Brics that only serves NOW to reinforce membership for India, China, the Saudi’s, etc. Initially Brics was gaining popularity due to SWIFT, weaponization of the USD/Trade Dollar, seizure of foreign assets as was done to VN, NK, Russia, Iran, etc. Brics nations do not participate in sanctions against other nations, they do seize other nation’s assets.
I seriously do not see how America can continue to push the world as it has done since 1989/91 without the HYPER POWER STATUS that left us the sole major military pwoer. We face a recession, the EU is in recession, and many facets of our economy are broken. The only functioning part of the US economy is High Tech and the Mil industrial complex... maybe Health Care and Insurance, but the consumers and taxpayers are being broke by devaluation to pay down the debt. Trump is juggling fireballs and has his hands full. He alone did not cause our problems but he is part of the problem with his anti-Brics crusade disguised by Sanctions/Tariffs against Russia. The case for an alternative to the US ENFORCED/MANDATED TRADE SYSTEM is Brics.
America has gone to war with Iraw over the OIL Currency, and Lybia over the Oil Currency, both of which wanted to give interest free loans to the developing world.
America’s ability to ENFORCE TRADE/ECONOMIC ACTIVITY upon the world is losing it’s grip.
Unforeseen was the failure/poor performance of western military equipment, general officers, and economic policies in regards to Ukraine. Russia has emptied the shelves of the west and defeated the combined conventional armies and economic/military output of the west and NATO. Russia destroyed all the equipment and trained manpower, and they outproduct in one month what NATO combined can produce in 120 days across the board.
As Trump and Bush both destroyed the missile treaties Reagan achieved, Russia has actually prepared for the Trump nullification of the INF treaty by preparing 5 different classes of missiles since 2018, and they are something that the west must deal with. Russian missiles are designed to defend by offensive means against the NATO/US DUAL USE OFFENSIVE/DEFENSIVE MISSILES SYSTEMS. The US thought it would defeat Russia, but now Washington (Trump) is caught in a NEO-Con trap where Russia has more conventional firepower at it’s disposal than NATO can withstand. Maybe it was the gamble of the west to depleat it’s conventional military so that it can win the much and often talked about limited nuclear conflict against Russia. The insanity of the west really shows that Russia’s defeat of NATO in Ukraine was never even considered by the planners.
This at a time when recessions are ravaging the west.
Trump needs a deal with Russia, normalization of trade, air travel, and an end to the current conflict pushed by NATO to collapse Russia in our lifetimes. Trump actually needs Putin as a partner... against London, the EU and the NEO-Cons/DNC/Deep State.
I am snorting Bitcoin. I think if it goes to 10M I can buy Epstein Island and turn it into an amusement park for run away kids... oh, that’s already been done. Well maybe I can just buy an Island and make my own country.
The obvious solution is to create a new government entity to study and handle this stuff. Am I right?
Wasn’t it 37 trillion last year?
I can see where a new Digital Currency will be so easily manipulated for control and evil purposes just like China did with their digital currency....
Here is an example, say you speak out against the Government like what has happened in China, suddenly you find all your funds has quickly dried up at behest of the Federals...Trump may well be ushering in the NWO right in plain sight of the Citizens with digital currency God Help us...
yes, unfortunately this is a mortal wound. Opening up space mining would help. There are infinite resources in space. As long as we stay trapped on earth we’re screwed. Just claiming asteroids would help. We should claim the entire asteroid belt. Who would stop us?
Hmmm Well Trump has only got to 2028 and a good chance Dems win as they are out for revenge do you really trust the Democrats not to modify this to use against freedom loving Americans? This will end very badly...I pray this get killed right now as I am dead set against this.
Sadly the technology is years away for mining in Space.
Still in fiscal year 2025 and the Biden budget until Sep 30th.
Back in 1992, Ross Perot hammered Bush 41 over a $4T debt.
You don’t just “lower the interest rate” on U.S. Treasury bonds. The Federal Reserve could reduce the Federal Funds Rate to 0%, but that’s not going to make investors suddenly decide to buy 10-year Treasury bills for less than 4%.
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