US debt reaches $37 trillion years before expected

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

Witnessing the supreme white economy before your very eyes

Seriously?

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

Well, things like that happen when you throw money at billionaires instead of collecting taxes from them.

Fucking Democracts not paying the debt down.

Republicans

Who thought it would take a trillion years for the debt to reach $37?

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

I still waiting for the damn “trickle down economics“ that Reagan PROMISED!

It was ruled in court to be illegal in 1919 in the Dodge vs Ford lawsuit.
At the time, Ford himself wanted to: "My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the business."
But shareholders (both Dodge brothers of the Dodge car company) sued against this and in the end the judge declared that: "A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end and does not extend to a change in the end itself, to the reduction of profits or to the nondistribution of profits among stockholders in order to devote them to other purposes."
Basically, if you attempted trickle down economics, you'd be "stealing" from the shareholders. Extra money is to be given to shareholders as dividends, not for boosting the pay of your employees if it doesn't involve adding more profits to the bottom line.
https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
If America paid attention to its own history Reagan would be remembered as the worst president
- There is really a lot of competition for that spot.
- Second worst now, imo

That's what a conman as leader of your country will get you. Fired half the government workforce, still spent more money than the last guy and he's only been in office for 6 months. It only goes down from here folks, hope you enjoyed the ride. This is your last stop.

I'm planning to leave tbh

the title from Newsweek is so poorly written

The debt didn't reach $37 just a trillion years early?
- I initially parsed it as "the US reached 37 billion years before..." like it was a sci-fi apocalyptic piece set in the far future

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

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

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.
- 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.

"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.

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.
- (you're probably looking for "plaintiff")
Make America Grim Again

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

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
- "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)

I'm waiting for the inevitable response executive order: "Nuh uh - Donald J Trump"

(And then all the Republicans clapped)

"Biiiiiiiiiiden's economy!?!"
"Hey... I found a dollar in the seat cushions!"
"TRUMP'S ECONOMY! TRUMP'S ECONOMYYY!!!"

“Conservative” fiscal “responsibility”

Buy gold, the U.S. dollar isn't going to be worth the paper it's printed on in a few years time.

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

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

i thought we were going to doge that bullet

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.
- I really hate that so much in US politics right now reminds me of 1930's Germany
- all this really benefits putin, if usa is weakened economically, and constantly infighting, they wont have a chance of defending russians goals of expansions.
- "300 buys you a sandwich."
  https://www.youtube.com/shorts/8AMsq8fCzhg
- Then our debt will be relatively meaningless and easy to pay off.
  Not that we would.
Pun is warranted and acceptable. Thank you
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.

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.

many of them are complicit in laundering money for them, swiss bank, malta?, destuche bank,,,etc.

Does anyone have data about how much additional debt has been piled since Trump started second term?

The interest alone is $1 trillion every 100 days.
- Fun times ahead
A fuckton of it.
- I am sure but does anyone have a number?
But how could that be possible? He's a master businessman!
- Ahh! Russia! Global Warming! The libs! Immigrants!

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

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

So far…

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

You fat bro.

This title could really use a comma.

Or scientific notation

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.
Trump has definitely never used the word "quintillion".

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.
- … 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.
  Just like the US Constitution.
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.
- Our ratings HAVE been downgraded, and it's only going to get worse
- Most of our debt is domestically owned, though.
- i mean "it's possible" and likely are two separate things. we all owe each other money. who is collecting from whom that doesn't owe some other nation?