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Our economy is about to hit the wall. Posted by greenman on October 23, 2025, 4:29 pm And the GOVERNMENT is to blame. Surprise. https://fortune.com/2025/10/22/how-much-national-debt-38-trillion-deficit-tariffs/ 'The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing previous forecasts to reach $37 trillion in August. This means the federal debt rose by $1 trillion in a little over two months, which the Peter G. Peterson Foundation calculates is the fastest rate of growth outside the pandemic. Michael A. Peterson, CEO of the nonpartisan watchdog dedicated to fiscal sustainability, said this landmark is “the latest troubling sign that lawmakers are not meeting their basic fiscal duties.” In a statement provided to Fortune, Peterson said that “if it seems like we are adding debt faster than ever, that’s because we are. We passed $37 trillion just two months ago, and the pace we’re on is twice as fast as the rate of growth since 2000.” The foundation’s analysis attributes the acceleration to a combination of deficit spending, rising interest costs, and the economic drag of the ongoing government shutdown. Peterson emphasized that the costs of carrying this debt are mounting rapidly. Interest payments on the national debt now total roughly $1 trillion per year, the fastest-growing category in the federal budget. Over the last decade, the government spent $4 trillion on interest, and Peterson calculated that it will balloon to $14 trillion over the next 10 years. He said that money “crowds out important public and private investments in our future.” ' (cont'd) But by all means let's build Trump a ballroom, and worry about 'illegals' That'll solve our problems! OUST TRUMP RESIST!

It is the deficit about which we should worry Posted by Pikes Peak 14115 on October 24, 2025, 2:34 pm, in reply to "Our economy is about to hit the wall." ADMIN It grew from $1.2 tillion to $3.5 trillion in the same period. That is money the government doesn't have to pay its debt. Tax cuts of the BBB will swell that to $8 trillion in a year. You can look away from a painting, but you can't listen away from a symphony

Yes, the deficit is what gets added to the debt and causes it to grow. Posted by Sia on October 25, 2025, 11:07 am, in reply to "It is the deficit about which we should worry" ADMIN We have to worry about both of them.

Government gets sufficient revenue to pay most of the debt. Posted by Pikes Peak 14115 on October 25, 2025, 7:09 pm, in reply to "Yes, the deficit is what gets added to the debt and causes it to grow. " ADMIN Ideally it should be balanced. We haven't had that since 2000. When there is a shortfall, it leaves a deficit. Somebody who was suppoed to be paid for services or products doesn't get paid in time. They have to wait for the next annual pay cycle. Republican cutting taxes is exactly the WRONG thing to do. That makes the deficit larger. That means more poople who are supposed to be paid on time won't be. Interest accrues on the deficit as an incentive to pay on time. Most of the time it is tacked onto the deficit, making that grow ever larger. Democrats traditionally pay down the deficit with more spending, which the GOP says is wrong. Republicans increasw the deficit by cutting taxes, but spending just as much and sometimes more. They bank on most Americans not paying close enough to their own finances to notice or be concerned. You can look away from a painting, but you can't listen away from a symphony

They borrow the money. Everyone still gets paid, but on credit. Posted by Sia on October 26, 2025, 12:28 am, in reply to "Government gets sufficient revenue to pay most of the debt. " ADMIN There's nothing wrong with using credit... wisely. Borrowing to the time of 37 TRILLION $$ is anything but wise use of credit.

To Republicans Posted by greenman on October 24, 2025, 3:59 pm, in reply to "It is the deficit about which we should worry" Valued Poster ..there's no bad tax cut. They mindlessly repeat the mantra that 'we're giving people their own money back,' never mind that it's always the rich who do best. Or that there are real costs to government. Or that there are protected divisions of government like the Pentagon, which is NEVER cut. RESIST!

Giving their own money back Posted by Pikes Peak 14115 on October 25, 2025, 7:23 pm, in reply to "To Republicans " ADMIN No, they're giving somebody else's money back- those poople who aren't paid on time. Its their money republicans give away in tax cuts. The late pays don't complain because they tack on a hefty amunt of interest on the unpaid debt. Ever wonder why tax fines are so much? If more Americans were aware of their own finances, republiicans could not get away with this. You can look away from a painting, but you can't listen away from a symphony

The admin added billions to the budget without congressional approval Posted by Sia on October 25, 2025, 12:28 pm, in reply to "To Republicans " ADMIN Such as money for Argentina and massive increase in ICE.

I'm surprised there's no payout to Putin Posted by greenman on October 25, 2025, 1:05 pm, in reply to "The admin added billions to the budget without congressional approval" Valued Poster This regime has the economic sense of a potato. RESIST!

Maybe there is? It's not like they are transparent about informing anyone what they are doing Posted by Sia on October 25, 2025, 5:19 pm, in reply to "I'm surprised there's no payout to Putin" ADMIN They are extremely opaque and want it that way so they can get away with stuff. Making it impossible for whistleblowers to file reports and targeting them when they try keeps the public from knowing all of the terrible and illegal things they do.

Vote them OUT! Posted by Sia on October 23, 2025, 5:48 pm, in reply to "Our economy is about to hit the wall." ADMIN A pox on trump

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