this post was submitted on 24 Oct 2025
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Economics

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U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic (www.pbs.org)
submitted 1 month ago by MicroWave@lemmy.world to c/economics@lemmy.world
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In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

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[–] FistingEnthusiast@lemmynsfw.com 47 points 1 month ago (1 children)

Because conservatives are fuckwits who are bad with money

A few get rich by shitting on people, stealing the work and ideas of others, and somehow people think that it automatically makes them experts on matters of finance

The US is a fucking joke

[–] Cruel@programming.dev 1 points 1 month ago

Did you just imply that Trump is a fiscal conservative? Since 2015 he made it clear he wanted to spend a lot of money. For a little while he pretended to side with Musk who was attempting to NOT spend so much money, but he eventually ditched DOGE and kept spending.