According to the latest numbers published by the Treasury Department as of yesterday, 8/1/2024, the national debt is $35,104,770,649,301.03. That is up about $61.6 billion from the figure reported the previous day.

Interest payments on the debt for the government's fiscal year, which begins in October, now exceed the costs of Medicare and the defense budget.

5er says they double that by 2030

No action from me on that bet.

It sucks to be a fiscally conservative pragmatic libertarian. Absolutely no candidate running gives a shit about the astronomical amount of debt we have run up due to unchecked spending coupled with tax cuts.

If we continue down this path before long 1/3 or more of our gross revenue will be required to simply meet interest obligations. There will be very little room for looming infrastructure maintenance and increased spending required to meet Social Security, Medicare requirements as well as simply maintaining our national defense.

When riding the Titanic, you may as well go first class.

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I'd love to know ???
Who is getting these " interest payments" which we are supposedly " paying back" ?

I don't think A.N.Y.B.O.D.Y. IS GETTING PAID BACK ANYTHING...

DO YOU THINK THE U.S. IS sending billions of taxpayer money to China to pay back the money we borrow?
Are we sending checks to the world monetary fund?
The world bank?


Bwuhahahahaha!!!

Yea Rrrrrriiiggghhhttt!!
I think we just borrow more money to pay the interest if we even pay back anybody at all!!!


It's a freakin PONZI SCHEME...

No doubt. Go down in style.

We are just gonna inflate it away.o:)

It will be 36 trillion by New Year’s Day!

Bidenomics is working! iT'S WORKING! CACKLE...CACKLE...CACKLE

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Look back in history. The Roman empire collapsed due to hyperinflation caused by massive debt. It seems our government long ago forgot a penny saved is a penny earned. We may very well be nearing hyperinflation.

FREE money to the Ukraine, FREE student loan debt relief, FREE everything (money, transportation, room, board, room service, health care, etc.) to the illegals that recently arrived…