America’s gross national debt topped $40 trillion for the first time on Wednesday, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programs and President Trump’s tax cuts.
This year alone, the United States is on track to borrow more than $2 trillion to help pay for its obligations, including spending on the war in Iran and the sweeping tax cuts that Republicans enacted in 2025. Soaring interest payments to investors who have purchased America’s debt now make up about half of that red ink, pushing the United States into a deeper financial hole.
I don't have a picture, but just picture a 45 degree line
The US will default before we get rid of these politicians. De Facto default most likely, printing money to pay off the debt to the point of watering down the currency and causing massive inflation.
We are a ways off still, no matter how fucked the US is, the rest of the world is even worse, or thought to be, in regards to monetary policy.
I always wanted to know what it’s like to pay $1000 dollars for a loaf of bread, like they did in Argentina during times of inflationary crisis. Except we don’t have kick ass food and a beautiful culture like they do.