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  • Hacker News
  • They need to cut your taxes and raise everyone elses.

    The US needs the binface party as a credible 3rd choice.

    by oivaksef
  • The media should report the number that actually matters: debt to GDP ratio. It’s quite high as well, but it’s the more meaningful number.
    by lokar
  • By the time Trump leaves office, the whole federal government will be completely trashed, up to and including the East Wing of the White House being torn down to a hole in the ground.

    I've never felt so alienated from the leaders of my industry, from my politicians, and from my fellow citizens. Ya'll should have known better. It is the information age, all ignorance is willful ignorance.

    by rhelz
  • And who's going to hold the US responsible for repayment? Way I see it, US has the power to just tell any creditor that they won't be repaying, whether through structuring it as some economic package or just straight up saying go suck it. The former's been done before (1933); maybe eventually we'll see the latter, if a nation has the balls to ask. And talking about it is pretty pointless, like talking about how wet you'll get swimming in a pool.
    by skeledrew
  • > Ten years ago, the debt level was at $19.4 trillion.

    $80 trillion if it doubles again in 10 years.

    by thelastgallon
  • This admin has done basically the opposite of everything it said it would do…who could’ve guessed?
    by bamboozled
  • And they spent it all on healthcare, public housing and high speed rail right?
    by TitaRusell
  • I feel like the media is anticipating a new Democrat controlled congress, and so they are starting to bang on the national debt panic drum in preparation. Not that the debt isn't a problem, and $40T is certainly a milestone, but if the dems do somehow get back in power I'd bet $40T that we will all be treated to endless op-eds about how we have to do austerity because the debt is out of control.

    The military will still get it's $1.5T+ budget tho. There's always enough money for more bombs.

    by pickleglitch

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U.S. Debt Hits $40T as America's Borrowing Binge Continues · Birbla