US debt is now $37trn – should we be worried?

The worst part of the debt is that nothing good was done with it.

If you use that money to implement a national healthcare system, or fix the national infrastructure, or stabilize social security, or figure out child care, or work on affordable housing, or fix the cost of education, or invest in renewable energy, etc. then maybe it's worth it. Hell, you might even end up net positive in the end with all the good done to society in the long run.

Instead, all of these things are even worse than before while most of the money was spent on a bunch of useless wars and tax cuts for the rich.

And now, there's no more easy money to be borrowed to fix anything.

With Trump weakening the trust in the dollar and people looking at the Euro as a new reference, the rates at which the US can borrow money is already going up. At 37tn borrowed, even a tiny uptick will cost a fortune or two. Which, unless the conservatives suddenly show fiscal responsibility (which they never did so far), will just increase the deficit.

handling it the only way i know how

People need to understand that the debt is not the issue. It's healthy to run a national debt. The massive problem is the dollar is being run into the ground. We are losing allies left and right which compounds your debt. He is fucking us on both sides.

Trump understands that it doesn't matter about the debt. Who does he owe it to after all? The banks won't call the debts in, cause they don't need to, and if he devalues the dollar he sees it as a win for exports

US is going isolationist. Our debt becomes the worlds problem.

We're trying the single guy life for a while again. So rest of the world we're breaking up, it's definitely us not you but we're leaving all our baggage to you and keeping some of the keys. You

Enjoy your orgies of on going cooperations and spirits of goodwill, you heathen scum.

at 123% years old long overdue; we always had a spending problem - too many defense hawks keeping their beaks wet

Should I start to worry? (South Park)

Lmao ppl like "hmm generally, im not worried about anything... everything is so great why would I? But I see this article... should I? Should I worry?"

The $3.4T deficit increase projection, $340B/year is on top of the $1.9T projected deficit for 2025 prior to bill. The projected deficit for FY2035 is $2.7T. This is before golden dome, and other warmongering/Israel funding. 2025 and 2035 numbers are both about 6.1% of GDP.

GOP talking points have include the fantasy of growing at 3% (instead of 1.9%) annually to pay for the $340B/year increase, but at 6.1% deficit/GDP ratio, total debt increases as long as nominal GDP doesn't grow above 6.1%. Cutting healthcare, and population through deportations won't cause growth.

Yeah, I should worry… but with all the other shit that’s going on, my worry buffer is on overflow. I’m gonna pretend I didn’t read this.

The lending should take into account the reduced defence spend the US is asking other regions to take up.

I have lost all faith in fiat currency, and so I only now hold Goldbacks and Monero. If I need fiat currency to pay for something, I can easily get it using one of those two currencies that are stronger.

Edit: pretty sure i struck a nerve. After all, how dare slaves have thoughts of their own