The national debt is now 40 trillion dollars? That's insane!

 

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. 

A detailed look at the factors behind the record-breaking federal borrowing and the $40 trillion milestone:

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National debt nears $40 trillion: How we got here and why it ...

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YouTube · PBS NewsHour

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. 
Rapid Accumulation: The debt has doubled over the past decade, adding roughly $1 trillion in new red ink every five months. 
Broader Economic Strain: Heavy government borrowing forces the Treasury to issue more bonds, which can drive up yields, increase mortgage and loan rates for everyday consumers, and stoke long-term inflation fears. 

What Drives the Debt

Structural Deficits: Federal spending continues to outpace tax revenues significantly, with the government spending roughly $1.33 for every $1 it collects. 
Autopilot Programs: Major entitlement and mandatory spending programs consume the vast majority of the federal budget without legislative intervention. 
Recent Revenue Shocks: Short-term budget gaps widened further following legal setbacks on federal tariff collections that forced billions in unexpected Treasury refunds. 

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  PBS

  How did U.S. debt hit $40 trillion? Here's what to know - PBS

  Aug 19, 2026 — How did U.S. debt hit $40 trillion? Here's what to know. ... Total public debt hit $40 trillion Wednesday, faster than expected. T...

  
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  CNN

  National debt reaches grim $40 trillion milestone. Here's why ...

  Aug 19, 2026 — * Trump is squeezing Iran's economy and oil sales. It may still have the upper hand in Hormuz. * From heated rivalry to frenemies:

  

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National debt reaches grim $40 trillion milestone. Here's ...

CNN

https://www.cnn.com › 2026/08/19 › economy › nation...

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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