Congrats, America, the US Debt Hit $40,000,000,000,000

Economy Klaus Marre 08/20/26 (WhoWhatWhy.org) It’s been a century since an administration decreased the national debt. Listen To This Story When Ronald Reagan took office in 1981, the national debt had not yet reached $1 trillion. However, in his inaugural address, the new president recognized the looming danger that it posed. “For… Continue reading

Economists Blame $40 Trillion Debt Milestone on Two Things: GOP Ineptitude and Tax Cuts for the Rich

US President Donald Trump, joined by Republican lawmakers, signs the One Big Beautiful Bill Act into law on July 4, 2025 in Washington, DC.  (Photo by Eric Lee/Getty Images) “There is one point that should be very clear: It has been run up almost entirely due to Republican tax cuts… Continue reading

THE NATIONAL DEBT DOESN’T MATTER, AND IT CAN GO UNPAID FOREVER

FRI, 1/27/2023 – BY CARL GIBSON (Occupy.com) As pundits predicted, the new Republican majority in the US House of Representatives is already scaremongering about the national debt, likely in order to extract cuts to safety net programs like Medicare and Social Security. President Joe Biden is refusing to negotiate with House Republicans on… Continue reading