Keyword: nationaldebt
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Donald Trump flew into an expletive-laden rant in the Oval Office as he increasingly loses patience over the war he started in Iran, according to someone who overheard the angry meltdown. The president launched into a raging tirade against Iran's leaders, referring to them as "scumbags" and "lunatics," while also spitting out a series of expletives during the White House meeting, a person who heard the comments told The Wall Street Journal. It comes after Trump's 'diaper nurse' left devoted letters to the president in his room with intimate messages.
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House Speaker Mike Johnson (R-LA) was asked during a Capitol Hill press conference on Tuesday at what point he will move to use Congressional power to check President Donald Trump’s war in Iran. Johnson pointedly ended his reply by saying “we’ve got to wrap it up” in Iran, which many pundits and political insiders have warned is an additional threat to the GOP keeping its majorities in Congress. Johnson’s answer appeared to be at odds with Trump, who vowed earlier in the day to continue bombing Iran until they come to the negotiating table in good faith. “You repeatedly said...
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HUNT VALLEY, Md. (TNND) — Senate Democrats, seething over the Trump administration’s revived war with Iran, blocked a traditionally bipartisan defense funding bill on Tuesday. The Defense Department is seeking more than $1 trillion through a broad package that includes program funding, pay raises and policy directives as the ceasefire with Tehran ends. The administration’s hopes for the historically high request were suppressed on Capitol Hill, where a mostly party-line vote delayed passage of the National Defense Authorization Act, which usually succeeds with ease. Forty-five Democrats voted against the legislation, preventing Republicans from overcoming the 60-vote barrier set for most...
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The Trump administration on Wednesday sent Congress a long-awaited supplemental funding package to help cover the cost of the Iran war. The administration is asking for about $87.6 billion to address "urgent needs" related to the Iran war, as well as other funding to respond to the Ebola outbreak in Central Africa and provide support for American farmers. The request will face an uphill battle and puts vulnerable Republicans in a politically tricky position, since backing it could be seen as support for the unpopular war. It's all but certain to face stiff opposition from Democrats, putting its passage in...
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The US is heading toward a federal debt load that could reach 175% of gross domestic product over the next three decades unless Congress takes corrective action, according to a new special report from the Wells Fargo Investment Institute. But the firm's Global Fixed Income Strategy Team stopped well short of sounding an alarm for investors, arguing instead that the trajectory, while troubling, remains manageable. The report draws on Congressional Budget Office projections and Treasury Department data to paint a detailed picture of the country's fiscal position. The debt-to-GDP ratio is already expected to hit 101% in 2026, matching its...
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The U.S. government learned last week that it may have reached an unfortunate milestone: The size of its debt surpassed the nation’s total economic output. It was a striking imbalance, according to early estimates, one that the country has experienced only in rare circumstances — briefly during the pandemic, and in the aftermath of World War II. But the development barely seemed to register in the nation’s capital, where few policymakers bothered to acknowledge the latest warning sign about the government’s poor fiscal health. The root of the problem is well-documented and widely known. U.S. debt has soared in recent...
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The U.S. national debt exceeded the total amount of output from the entire economy as of March 31, The Wall Street Journal reported Thursday. The country’s publicly held debt was $31.265 trillion, while the nation’s Gross Domestic Product (GDP), the total value of goods and services in the economy, was $31.215 trillion. The ratio of GDP to Debt was 100.2%, up from 99.5% in September 2025, according to The Wall Street Journal. The government now spends $1.33 for every dollar it collets in revenue, with budget deficits running consistently at around 6% of GDP. That figure will continue to rise...
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I’m reluctant to post a video as the average Freeper will respond with an angry, “I don’t watch videos!!!” Sometimes with an excess amount of exclamation points. More than three indicates you’re on the verge of smashing your head into the keyboard until it bleeds. This video is the most in-depth explanation of the world economic system, dollar hegemony and why we can’t reduce the deficit and why that won’t hurt the value of the dollar. It discusses the impact of American debt on the hollowing of industrial capacity and the impact on wages and lifestyle. We really can’t discuss...
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On March 17, the U.S. national debt slipped past $39 trillion. If you're thinking, 'Wow, it seems like we just crossed the $38 trillion threshold,' you are correct. It was a mere 150 days ago on October 21. As of March 17, the national debt stood at $39,016,762,910,245.14. This happened despite a 294 percent increase in tariff revenue and the media relations program known as DOGE.The pace of debt accumulation is staggering, and it’s accelerating. In 2020, the Congressional Budget Office (CBO) projected that the debt wouldn’t hit $37 trillion until 2030. Oops. Just how fast is Uncle Sam shoveling...
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The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025. Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI). The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion...
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WASHINGTON, March 18 (Reuters) - The Pentagon has asked the White House to approve a more than $200 billion request to the U.S. Congress to fund the war in Iran, the Washington Post reported on Wednesday, citing a senior administration official.
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Just a running arithmetic commentary on where we are.
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Newsdump Alert: Trump Meeting In Qatar Opens Foreign Trip... Qatar's Connections To The US, Israel And Hamas Cannot Be Denied... The rage against Hamas over the brutal events of October 7th, 2023 belies the facts of Israeli and American interaction with Hamas through Qatar prior to October 7th. Having Hamas in power in Gaza and the... How about some Top Ten Country Songs from 50 years ago today the music of my life... Time for a "National Debt Update" our theme song... This week the US national debt that began rising when Lyndon Johnson was President of the United States...
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ran across a 2021 meme the other day that vividly illustrates just how quickly the government is destroying your money. The meme points out that in 1964, the minimum wage was $1.25, or five quarters. That sounds really low, but keep in mind that before 1965, quarters were 90 percent silver. In 2021, the melt value of those five quarters was $23.34. In other words, the five quarters a minimum wage worker earned in an hour in 1964 had $23.34 in purchasing power in 2021. There's your "living wage." That’s pretty staggering in and of itself, but now fast forward...
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The Weimar Republic was Germany’s government from 1919 to 1933, the period after World War I until the rise of Nazi Germany. It was named after the town of Weimar where Germany’s new government was formed by a national assembly after Kaiser Wilhelm II abdicated. From its uncertain beginnings to a brief season of success and then a devastating depression, the Weimar Republic experienced enough chaos to position Germany for the rise of Adolf Hitler and the Nazi Party.
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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.
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“The modern politics of division have become a banally hectoring faux morality play put on by the theater kids for the other theater kids.” —El Gato Malo on X. President Trump Alone While Jake Tapper leads the Mea Culpa Chorus singing Kumbaya in a minor key, absolutely nobody is fooled that the grotesque psychotic deformities of US politics can be reduced to a few White House factotums lying to the news media about “Joe Biden’s” cognitive abilities. For one thing, the news media was not lied to. The news media (including Jake) lied to the nation, consistently, flagrantly, mendaciously, for...
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The fiscal impact of President Trump’s “big, beautiful bill,” which one prominent budget hawk called a “debt bomb,” is becoming a significant political concern among Republican lawmakers who have made little progress toward offsetting the $3 trillion projected cost of the legislation. Some GOP senators fear that the bill’s failure to rein in federal spending in a substantial way over the next decade is fueling jitters in the bond market, where soft demand for U.S. debt has caused yields to climb in recent weeks. And they worry that if Republicans pass Trump’s bill on party-line votes in both chambers, they...
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The National Debt has stopped skyrocketing since Donald Trump returned to the White House on January 20, 2025. The fiscal collapse of the USA may be avoided.
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Trump has been in office for only a few months and has already managed to cut national debt growth by 92 percent. This is definitely one of the things that would cause people to say, ‘I voted for this.’While the left rants and raves over cuts to various government programs, Trump is securing the nation’s financial future by getting spending under control.And remember, while Trump and Republicans are taking care of this serious business, Democrats are obsessing over and defending illegal immigrant criminals. The contrast could not be sharper.The Washington Examiner reports:Trump has slowed national debt growth by 92%For all...
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