What this means to me is that Trump might be heading the U.S. into something much worse than The Great Depression worldwide again. Why would he do this? Not sure exactly but many people would starve to death worldwide if the U.S. defaulted on it's loans.
I suppose Trump could go Hitler on us and just steal everyone else's money like HItler stole all the paintings and gold teeth fillings of Wealthy Jewish Europeans and burned them up in Gas furnaces. I suppose Trump is crazy enough to try to do this too. But, then the other side of this is his son-in law is Jewish so this makes it much less likely from my point of view. But, he might do this with everyone south of the U.S. Mexico Border or something. That would be possible.
And by south I mean all the way south to Cape Horn in South America!
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Yes, the U.S. gross national debt has officially surpassed the $40 trillion mark.
Driven by continuous budget deficits, mandatory spending on programs
like Medicare and Social Security, and soaring interest costs, this
milestone has arrived faster than budget forecasters originally
projected.
Why the $40 Trillion Milestone Matters
- Exploding Interest Payments: Servicing the national debt now costs the federal government over $1 trillion annually, meaning interest payments officially exceed the entire national defense budget.
What Drives the Debt
10 hours ago — “$40 trillion of debt doesn't exist solely on the government's ledgers; it is felt throughout the economy and finds its way to the pocketbooks ...
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