US debt reaches $37, a trillion years before expected. FIFY
this post was submitted on 13 Aug 2025
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Does anyone have data about how much additional debt has been piled since Trump started second term?
But how could that be possible? He's a master businessman!
Ahh! Russia! Global Warming! The libs! Immigrants!
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I don’t know who was expecting it to take a trillion years, you can go 37$ in debt at the Taco Bell drive through
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Buy gold, the U.S. dollar isn't going to be worth the paper it's printed on in a few years time.
Those are just fake numbers. USA is not in debt, in fact it has a surplus of 9000 quintilions. Trump probably.
It's OK. I heard after the prescription price reduction, he's looking to lower the national debt by at least 1500% also.
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So far…
He is a smart business man, that is impossible
literally meaningless to me. i couldn’t care less. money is fake and nobody is ever going to do shit about the debt. who? tell me who is going to do what and without any devastating worldwide consequence?
we can owe $6 quintillion and it won’t mean shit we will print and print and borrow and borrow and so will every other country.
It's a modern day religion .... it's a faith based system
It works and functions and is all powerful because enough people believe in it and hold all their faith in it ... it's faith and belief that make it work
But it's also the Achilles heel of the whole system ..... if enough people in the whole system stop believing in it ... it all collapses in on itself and it is destroyed and evaporates instantly.
This analogy is very apt. I stopped giving money (and wealth in general) power over my emotional state. I only care about making rent and many of my recent luxuries are buying independent art like games and music as well as local shops.
Turns out, if you stop wanting all the time, you also stop consuming.
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Having large debt matters for how expensive access to cash is. No matter how "fake" it is, the financial system puts a premium on how long it takes to get their lent money back. The longer it's stuck, the worse the reputation of getting it back, or simply the higher the demand — the higher the premium.
And as you need cash to make payments for goods and services (as opposed to tax rebates) that has the effect that US tax dollars and investments have lower rate of return as sufficient cash gets more expensive.
Another part is that the debt will be taken out in some form, e.g. foreign currency, making that currency more available for cash transactions (while at the same time making yours' less available due to being locked into what you needed it for). This shifts trade away from USD, which makes it much harder to influence/control what it's used for, how much it's worth, and harder to make people care how much of it there is.
As the world trades in something besides USD and/or avoids investing in the US due to high costs/volatility, the US gets less relevant/influential in global policy, diplomacy, business, investments and even domestic policy.
It's possible that other countries might start calling us on the debt, if we borrow faster than we lend, or faster than inflation.
Countries don't have credit ratings in the same way Americans do, but they still have ratings on their bonds. If those ratings get downgraded, people stop lending us money, and then everything crashes and burns.
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The euro, pound, and Swiss franc are each worth more than a US dollar.
Best debt EVER!!!