It’s Biden’s fault. Just ask Trump and he’ll confirm it.
Puffknitt on
The future generations are doomed
TintedApostle on
Which is the fastest in history with no reason other than tax cuts and massive spending by republicians/Trump.
GrumpyOldFart7676 on
But America is going to be so Rich!
Someone needs to follow the money trail.
hairymoot on
Trump did this last time he was in office. He loves spending working people’s money and not taxing the rich.
Justthetippliz on
Anyway our potus is demanding hundreds of millions of dollars to pay for his own wellbeing
EldritchSlut on
The entire Trump administration is proving that money has no meaning.
stanleytape on
Don’t worry crypto will save us!
/S
Odd_Education8741 on
So…. We’re great again now, right?
Tiny_Structure_7 on
Does it piss you off that the filthy rich, year after year, PAY Republicans to saddle future generations (our KIDS) with astronomical debt, all so they can have huge tax breaks on their obscene incomes?
nikkothirty on
Just wait until the recession hits to see him break that record.
AsbestosIsBest on
Did they check the Tariff Shelf?
Crazy-Nights on
So all this doge firings did nothing. Remember how they claimed to have found all sorts of fraud? And yet no one has been arrested. It’s all BS.
Ge856293 on
Tax cuts for the Rich
SkinnedIt on
How much of that $1,000,000,000,000 went into Trump and crony pockets?
I know it’s not a scientific answer, but the answer is “a lot.”
buffalotrace on
The amount of money wasted specifically by DOGE with zero gain to the country is a huge part of this. Paying people with institutional knowledge to leave and then often having to rehire or retrain those same positions is a giant waste of money. Not distributing food or supplies that was already purchased was an act of hate.
OlorinRidesAgain on
We are a couple trillions away from being added to the list of Trump steaks and Trump vodka.
Another failed product.
salme3105 on
Republicans ALWAYS blow up the deficits with tax cuts. Then they use it as an excuse to kill all of the programs that actually help people. But hey, $300 million for a gilded ballroom for their God-King is perfectly fine in their eyes. Fuck these people.
suburbanpride on
Tell me again how republicans are fiscally conservative.
TheBalzy on
And Right-Wingers/Conservatives/GOP is going to blame Medicare, Social Security, Infrastructure Investment and Medicaid; instead of the actual cause which was tax-cuts, military spending and two unfunded wars.
SG_wormsblink on
For context, the latest IMF numbers for US GDP have it at 30.615 trillion (nominal). The USA now has a debt to GDP ratio of about 124%.
DT-Sodium on
The right being better at handling money is probably the biggest lie in politics worldwide.
Blue_Dew on
Question for someone smarter than me: Once all of this blows over, can Trump be held financially liable for the damage he’s caused? Like I’m talking seizing all of his and his families assets in order to repair what he’s destroyed? Same with Elon too, by the way.
mip10110100 on
That’s more than $15,000 per household since Jan, 1, 2025. Are you better off since then? I’m not, and I could have used that $15,000 in the last year rather than funding ICE and a ballroom at the White House.
Zassssss on
So only Trump is able to beat Trump at adding astronomical levels of debt to our country. Got it.
Glad the financially conservative Republicans are as concerned about this Trillion $ as they were the tiny programs that DOGE cut.
AndreLeGeant88 on
Debt in and of itself isn’t bad. National debt actually has a lot of benefits. The problem is we are accumulating massive debt without any obvious ROI except creating more wealth for the wealthy while deflating the purchasing power of the people.
Githzerai1984 on
I haven’t heard a single republican complain about debt since chump took office. It’s pretty transparent that they dgaf about the debt they just use it as a weapon when a dem is in office.
gmb92 on
It will only get worse in the next few years as this year’s round of tax cuts weighted towards the wealthy fully kick in. 10-year pricetag is $4-$5 million depending on what gets extended, and that includes dynamic effects. Tariff tax revenue could offset that a fair amount if sustained and not struck down by courts but projections don’t include dynamic effects, and tariffs are one of the most harmful taxes for the economy (thus weakening revenues), also crushing the working class.
This has been a pattern for decades under Republican presidents.
CBO projected deficits, January of each year:
1993: $310 billion – record deficit Reagan/Bush left Clinton
2001 (surplus): $236 billion – record surplus Clinton left Bush
2009: $1.4 trillion – record deficit W Bush left Obama
32 Comments
It’s Biden’s fault. Just ask Trump and he’ll confirm it.
The future generations are doomed
Which is the fastest in history with no reason other than tax cuts and massive spending by republicians/Trump.
But America is going to be so Rich!
Someone needs to follow the money trail.
Trump did this last time he was in office. He loves spending working people’s money and not taxing the rich.
Anyway our potus is demanding hundreds of millions of dollars to pay for his own wellbeing
The entire Trump administration is proving that money has no meaning.
Don’t worry crypto will save us!
/S
So…. We’re great again now, right?
Does it piss you off that the filthy rich, year after year, PAY Republicans to saddle future generations (our KIDS) with astronomical debt, all so they can have huge tax breaks on their obscene incomes?
Just wait until the recession hits to see him break that record.
Did they check the Tariff Shelf?
So all this doge firings did nothing. Remember how they claimed to have found all sorts of fraud? And yet no one has been arrested. It’s all BS.
Tax cuts for the Rich
How much of that $1,000,000,000,000 went into Trump and crony pockets?
I know it’s not a scientific answer, but the answer is “a lot.”
The amount of money wasted specifically by DOGE with zero gain to the country is a huge part of this. Paying people with institutional knowledge to leave and then often having to rehire or retrain those same positions is a giant waste of money. Not distributing food or supplies that was already purchased was an act of hate.
We are a couple trillions away from being added to the list of Trump steaks and Trump vodka.
Another failed product.
Republicans ALWAYS blow up the deficits with tax cuts. Then they use it as an excuse to kill all of the programs that actually help people. But hey, $300 million for a gilded ballroom for their God-King is perfectly fine in their eyes. Fuck these people.
Tell me again how republicans are fiscally conservative.
And Right-Wingers/Conservatives/GOP is going to blame Medicare, Social Security, Infrastructure Investment and Medicaid; instead of the actual cause which was tax-cuts, military spending and two unfunded wars.
For context, the latest IMF numbers for US GDP have it at 30.615 trillion (nominal). The USA now has a debt to GDP ratio of about 124%.
The right being better at handling money is probably the biggest lie in politics worldwide.
Question for someone smarter than me: Once all of this blows over, can Trump be held financially liable for the damage he’s caused? Like I’m talking seizing all of his and his families assets in order to repair what he’s destroyed? Same with Elon too, by the way.
That’s more than $15,000 per household since Jan, 1, 2025. Are you better off since then? I’m not, and I could have used that $15,000 in the last year rather than funding ICE and a ballroom at the White House.
So only Trump is able to beat Trump at adding astronomical levels of debt to our country. Got it.
Glad the financially conservative Republicans are as concerned about this Trillion $ as they were the tiny programs that DOGE cut.
Debt in and of itself isn’t bad. National debt actually has a lot of benefits. The problem is we are accumulating massive debt without any obvious ROI except creating more wealth for the wealthy while deflating the purchasing power of the people.
I haven’t heard a single republican complain about debt since chump took office. It’s pretty transparent that they dgaf about the debt they just use it as a weapon when a dem is in office.
It will only get worse in the next few years as this year’s round of tax cuts weighted towards the wealthy fully kick in. 10-year pricetag is $4-$5 million depending on what gets extended, and that includes dynamic effects. Tariff tax revenue could offset that a fair amount if sustained and not struck down by courts but projections don’t include dynamic effects, and tariffs are one of the most harmful taxes for the economy (thus weakening revenues), also crushing the working class.
This has been a pattern for decades under Republican presidents.
CBO projected deficits, January of each year:
1993: $310 billion – record deficit Reagan/Bush left Clinton
2001 (surplus): $236 billion – record surplus Clinton left Bush
2009: $1.4 trillion – record deficit W Bush left Obama
2017: $560 billion – deficit Obama left Trump
2020: $1 trillion (78% increase) – Trump’s deficit pre-covid
2021: $2.3 trillion (311% increase) – what Trump left Biden
2025: $1.8 trillion – but over half is now debt interest which is from previous fiscal mismanagement. See W Bush and Trump trajectories.
2025: Trump/Republican bill expected to add $4-$5 trillion to baseline deficit projections over 10 years.
Yay DOGE and MASSIVE Medicare cuts. What a fucking joke
If we survive this and have a functioning country afterwards, it’ll be amazing to see how much debt can be directly attributed to just Trump.
“But Trump is a businessman and better for the economy!”
“Conservatives” never cared about the debt!