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return2ozma@lemmy.world to News@lemmy.world · 9 days ago

US debt reaches $37 trillion years before expected

www.newsweek.com

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US debt reaches $37 trillion years before expected

www.newsweek.com

return2ozma@lemmy.world to News@lemmy.world · 9 days ago
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In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.
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  • ghosthacked@lemmy.wtf
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    7 days ago

    Witnessing the supreme white economy before your very eyes

  • some_guy@lemmy.sdf.org
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    6 days ago

    When a dem is in power, the deficit is the most important topic. When a repub is in power, anything goes.

  • jaykrown@lemmy.world
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    7 days ago

    It doesn’t even mean anything, it’s never being paid back.

  • Nunar@lemmy.world
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    8 days ago

    “Let’s run the country like a business!” Also, “let’s cut our revenue by the most ever seen in history”.

    Our debt is going up! (surprised Pikachu face)

    This is the liberals fault!

    No business owner would voluntary cut their revenue. They’re not businessmen, they’re con artists turned tyrants.

    • Tollana1234567@lemmy.today
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      8 days ago

      all he ever known is laundering russians for thier money, through his casinos, using investors money than bankrupting to avoid any lawsuits against himselfs, or drown the opposition(the sue-r in so much shit) they cant fight them anymore.

      • Ernest@lemmy.zip
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        8 days ago

        (you’re probably looking for “plaintiff”)

        • bitjunkie@lemmy.world
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          8 days ago

          “Suer” is also a word.

          • Ernest@lemmy.zip
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            8 days ago

            but that sounds like “sewer”

            • Klear@quokk.au
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              7 days ago

              *Civvie 11 has left the chat*

            • ShaggySnacks@lemmy.myserv.one
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              8 days ago

              Sewer does sound like Trumpie and Republicans.

    • Auli@lemmy.ca
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      8 days ago

      Well he is running it like a business hrs got ng yo bankrupt the country.

    • suigenerix@lemmy.world
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      8 days ago

      Make America Grim Again

  • expatriado@lemmy.world
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    9 days ago

    i thought we were going to doge that bullet

    • wetbeardhairs@lemmy.dbzer0.com
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      9 days ago

      The secret is Trump will debase our currency to the point where a hotdog stand charges a million dollars for a can of soda. Then our debt will be relatively meaningless and easy to pay off.

      • DaddleDew@lemmy.world
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        8 days ago

        I really hate that so much in US politics right now reminds me of 1930’s Germany

        • Tollana1234567@lemmy.today
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          8 days ago

          it also originated in america too. before nazi was the kkk, and the nazis used our segregation laws to implement thier own.

      • Tollana1234567@lemmy.today
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        8 days ago

        all this really benefits putin, if usa is weakened economically, and constantly infighting, they wont have a chance of defending russians goals of expansions.

      • DMCMNFIBFFF@lemmy.world
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        8 days ago

        “300 buys you a sandwich.”

        https://www.youtube.com/shorts/8AMsq8fCzhg

        • wetbeardhairs@lemmy.dbzer0.com
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          8 days ago

          Quite possibly a view into our future. Let’s hope the end of Nick Offerman’s performance is prescient.

      • Bronzebeard@lemmy.zip
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        8 days ago

        Not if he keeps massively increasing the deficit it won’t be.

      • binarytobis@lemmy.world
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        8 days ago

        Then our debt will be relatively meaningless and easy to pay off.

        Not that we would.

    • IninewCrow@lemmy.ca
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      8 days ago

      You did … by leaning into it and letting it hit you square in the chest … don’t worry the internal bleeding is slow, you’ll just slowly fall asleep and never wake up again.

    • turtlesareneat@discuss.online
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      8 days ago

      Eh the media is already pretending Trump’s Biggest Tax In History will be turned into a cash funnel to pay down the debt. When in reality not a single dollar will flow there. The media is back to being totally complicit.

    • WindyRebel@lemmy.world
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      8 days ago

      Pun is warranted and acceptable. Thank you

  • Bgugi@lemmy.world
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    7 days ago

    Seriously?

    What idiot thought it would take a trillion years for the US to rack up $37 in debt?

    • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 @pawb.social
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      7 days ago

      lmao

      Came in to make the same stupid joke. Love to see I’ve been beaten to it.

      • pruwyben@discuss.tchncs.de
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        7 days ago

        Someone beat them to it too lol

      • Tangent5280@lemmy.world
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        7 days ago

        Me too kolanaki, me too. I was so excited too, ah well, I’ll be faster next time.

  • Chaotic Entropy@feddit.uk
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    8 days ago

    What happens when someone uses an entire country as collateral while stuffing their own pockets. Watch it happen, now!

  • handsoffmydata@lemmy.zip
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    Who thought it would take a trillion years for the debt to reach $37?

    • JuxtaposedJaguar@lemmy.ml
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      7 days ago

      Actually, we thought it would take 1,000,000,000,010 years but it only took 10.

  • ABetterTomorrow@sh.itjust.works
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    8 days ago

    Classic republicans spending way too much. To them conservative = spend and waste more.

    • UnderpantsWeevil@lemmy.world
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      8 days ago

      There’s a world in which the US is carrying $37T, everyone lives in a spacious public condo, rides the UltraMax train around town to their 30 hour/week jobs or publicly financed doctor’s appointments or state financed university classes or luxury public park and spa.

      And I think that would be money well spent.

      Shame we don’t live in that country

      • gAlienLifeform@lemmy.world
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        8 days ago

        “Sure, basically all available economic data suggests that society would become far more productive and stable if the neediest people were given enough stability to develop into contributing members of society, but if I don’t see people I don’t like suffering terribly then I will feel there is no right and wrong in the world and I might as well go have sex with a child like we all secretly want to.” - social conservatives (actually)

        • Revan343@lemmy.ca
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          8 days ago

          Too self-aware

  • s@piefed.world
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    8 days ago

    Solution: sacrifice the richest people until their wealth adds up to $37 trillion and maybe a few more rich people just for extra security

    • GiuseppeAndTheYeti@midwest.social
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      8 days ago

      Just for fun I did the math on this and if the total net worth of the US is about $120 trillion, you’d have to erase anyone with more than about $12 million in assets to pay off the national debt.

      • CybranM@feddit.nu
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        8 days ago

        Doesn’t sound so bad

    • MyNameIsIgglePiggle@sh.itjust.works
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      8 days ago

      The solution is to stop trading oil in USD then nobody will want it anymore

  • Gates9@sh.itjust.works
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    8 days ago

    Trump will be the first president under which a sovereign default will occur

    • lostlittletimeonthis@lemmynsfw.com
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      8 days ago

      History repeats itself indeed, it’s sounding more and more like the pre revolution France, a tone deaf dictator, cooking the books because the numbers weren’t so good, the poor suffering more and more etc etc

      • fishy@lemmy.today
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        8 days ago

        *guillotine sharpening intensifies

      • Tollana1234567@lemmy.today
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        7 days ago

        repeating 2008 , but much worst than before.

    • ikidd@lemmy.world
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      8 days ago

      At the rate the USD is declining against other currencies, I’d say it’s going to happen before the midterm. His only hope for prolonging this is to replace Jerome Powell and bandaid it until it’s someone else’s problem. Or start a war.

      • SabinStargem@lemmy.today
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        7 days ago

        I think he will go all in on a DOGEcoin, get rid of Powell, start a war with Mexico, Greenland, and Canada simultaneously, pull out of NATO, ally with Russia without getting anything in return, Nuke California, and try to assassinate Zohran the Destroyer.

        It will be a shitshow, and EVERYBODY is on the stage.

        • Tollana1234567@lemmy.today
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          7 days ago

          trump is already considering opening up rare earth minerals in alaska to putin.

  • Phil Dowson@lemmy.world
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    8 days ago

    US debt reaches $37, a trillion years before expected. FIFY

    • Whats_your_reasoning@lemmy.world
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      8 days ago

      This is how I first read the headline, too. It took a double-take to read it correctly.

  • hume_lemmy@lemmy.ca
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    I’m waiting for the inevitable response executive order: “Nuh uh - Donald J Trump”

    (And then all the Republicans clapped)

    • Chaotic Entropy@feddit.uk
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      “Biiiiiiiiiiden’s economy!?!”

      “Hey… I found a dollar in the seat cushions!”

      “TRUMP’S ECONOMY! TRUMP’S ECONOMYYY!!!”

  • SabinStargem@lemmy.today
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    I hope foreign nations blacklist the American elite from migrating to their shores and owning anything in their territories. The wealthy are parasites that inevitably kill the host.

    • Tollana1234567@lemmy.today
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      many of them are complicit in laundering money for them, swiss bank, malta?, destuche bank,etc.

  • awesomesauce309@midwest.social
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    9 days ago

    I don’t know who was expecting it to take a trillion years, you can go 37$ in debt at the Taco Bell drive through

    • MantisToboggon@lazysoci.al
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      You fat bro.

      • Tikiporch@lemmy.world
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        A single combo is nearly $20.

        • errer@lemmy.world
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          …at Taco Bell? Nah

          • TooManyFoods@lemmy.world
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            As long as you’re out can you get me a beef and bean burrito?

          • Tikiporch@lemmy.world
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            Order a number 6, but you better be packing a Jefferson.

        • Bronzebeard@lemmy.zip
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          Who is upvoting this? Taco Bell is the only fast food place left where this isn’t true.

          • WindyRebel@lemmy.world
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            Your comment is also not true.

            • burntbacon@discuss.tchncs.de
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              Jesus wept. Those are prices for a modest sit-down restaurant meal.

              • WindyRebel@lemmy.world
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                Yeah. I’m not saying they’re good prices. It is definitely why one should skip and just go to a sit down restaurant OR just cook your own stuff.

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