U.S. Debt Reaches Record 37 Trillion

[jmdrake]

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record. This highlights the rapid acceleration of debt on America’s balance sheet and the increasing cost pressures on taxpayers.

apnews.com

 

[Occam's Banana]

Post in thread 'One, Big Beautiful Bill (The Mega-Bill)'

Aug 12, 2025

• Brian4Liberty

Post in thread 'One, Big Beautiful Bill (The Mega-Bill)'

Aug 9, 2025

• Occam's Banana

• 

 

[Occam's Banana]

U.S. Debt Reaches Record 37 Trillion

*shrug*

At this point, it might as well be 37 umpty-gazillion-bazillion, for all the difference it would make.

They clearly ain't gonna do jack shit about it, either way.

 

[PAF]

*shrug*

At this point, it might as well be 37 umpty-gazillion-bazillion, for all the difference it would make.

They clearly ain't gonna do jack shit about it, either way.

Then don't complain when a loaf of bread costs $899.99.

Moral of the story: Quit encouraging them, even though they're going to do it anyway.

 

[Madison320]

*shrug*

At this point, it might as well be 37 umpty-gazillion-bazillion, for all the difference it would make.

They clearly ain't gonna do jack shit about it, either way.

It makes a huge difference in the economy and liberty.

But yeah, they won't do shit until it breaks.

I'm watching for when they break 40 trillion which should be sometime next year. I have a feeling that might trigger something in the markets.

 

[Brian4Liberty]

"Trump has already done more lasting damage to our Republic and economy in seven months than Biden did in four years:

Self-enrichment, budget-busting Big Beautiful Bill, higher federal spending, push to abolish the debt ceiling, constant Powell bashing, plan to install a compliant Fed chair, support for a weak dollar, heavy-handed market intervention, coercion of private businesses, picking winners and losers, usurpation of Congress’s tariff authority, unconstitutional self-imposed “export taxes,” creation of a Bitcoin Strategic Reserve and Crypto Stockpile, scheme to “privatize” Fannie and Freddie with what amounts to explicit government guarantees, and taking credit for a non-existent U.S. economic boom.

Not everything Trump has done is bad; on DEI, affirmative action, the border, judicial appointments, lower corporate taxes, and targeted deregulation in banking, energy, and labor law, as well as Israel, he has made noteworthy improvements over Biden. But those achievements will be overshadowed by the adverse consequences of the bigger-picture actions that expand and concentrate federal power, grow the debt, and move the country further down the path of authoritarianism and crony capitalism.

As a result, the coming economic, debt, dollar, and financial crisis will be blamed on what Trump pretends to stand for. This will open a huge window for the socialist wing of the Democratic Party to blame the collapse on unbridled capitalism and exploit the crisis to pass far more draconian socialist policies than the nation ever would have accepted absent their ability to blame the crisis on Trump and the Republican Party."

 

[CCTelander]

*shrug*

At this point, it might as well be 37 umpty-gazillion-bazillion, for all the difference it would make.

They clearly ain't gonna do jack shit about it, either way.

.

No. You don’t get it.

We just need to vote HARDER. Get the “right” people in there.

You know, “good” ‘moral” people who will only oppress us for our own good.

Then things will get fixed. Just you see.

 

[nikcers]

"Trump has already done more lasting damage to our Republic and economy in seven months than Biden did in four years:

Self-enrichment, budget-busting Big Beautiful Bill, higher federal spending, push to abolish the debt ceiling, constant Powell bashing, plan to install a compliant Fed chair, support for a weak dollar, heavy-handed market intervention, coercion of private businesses, picking winners and losers, usurpation of Congress’s tariff authority, unconstitutional self-imposed “export taxes,” creation of a Bitcoin Strategic Reserve and Crypto Stockpile, scheme to “privatize” Fannie and Freddie with what amounts to explicit government guarantees, and taking credit for a non-existent U.S. economic boom.

Not everything Trump has done is bad; on DEI, affirmative action, the border, judicial appointments, lower corporate taxes, and targeted deregulation in banking, energy, and labor law, as well as Israel, he has made noteworthy improvements over Biden. But those achievements will be overshadowed by the adverse consequences of the bigger-picture actions that expand and concentrate federal power, grow the debt, and move the country further down the path of authoritarianism and crony capitalism.

As a result, the coming economic, debt, dollar, and financial crisis will be blamed on what Trump pretends to stand for. This will open a huge window for the socialist wing of the Democratic Party to blame the collapse on unbridled capitalism and exploit the crisis to pass far more draconian socialist policies than the nation ever would have accepted absent their ability to blame the crisis on Trump and the Republican Party."

The economy is doing good though.

https://www.cnbc.com/2025/08/12/stock-market-today-live-updates.html

 

[Occam's Banana]

Then don't complain when a loaf of bread costs $899.99.

Moral of the story: Quit encouraging them, even though they're going to do it anyway.

If I complain (with or without your permission), I'll complain the same whether a loaf of bread costs $89.99 ... or $899.99 ... or $8999.99 ... or ...

Something that is unaffordable at one wheelbarrow full of Weimar Papiermarks is just as unaffordable at two.

IOW: There is some point at which the numbers just don't matter anymore.

When it comes to the federal debt, we are past that point.

 

[vita3]

Elon & doge did their part.

Let's hope doge employees run & get elected to office

 

[Anti Federalist]

*shrug*

At this point, it might as well be 37 umpty-gazillion-bazillion, for all the difference it would make.

They clearly ain't gonna do jack shit about it, either way.

This is exactly how I feel about it.

Here, I'll do my civic duty and pay it off.

Uncle Sucker can keep the change.

 

[Anti Federalist]

Then don't complain when a loaf of bread costs $899.99.

Moral of the story: Quit encouraging them, even though they're going to do it anyway.

We're already there:

"A loaf of bread in 1913 cost $0.056 in nominal terms, which is equivalent to $1.422 when adjusted for inflation to 2025 dollars. This represents a 2439% increase in price over the period from 1913 to 2025."

Brave AI

 

[nikcers]

We're already there:

"A loaf of bread in 1913 cost $0.056 in nominal terms, which is equivalent to $1.422 when adjusted for inflation to 2025 dollars. This represents a 2439% increase in price over the period from 1913 to 2025."

Brave AI

In 1913 you would only make $2.50 in a 9 hour day. Which is roughly 28 cents an hour.

If a loaf of bread cost a nickel in 1913 that means that you could only buy maybe 6 loafs of bread with an hour of wages.

A loaf a bread today costs 1-2 dollars.

Which would only amount to maybe 6 to 12 dollars an hour. Most people earn more than that per hour.

So people make more money with the federal reserve system.

 

[Snowball]

In 1913 you would only make $2.50 in a 9 hour day. Which is roughly 28 cents an hour.

If a loaf of bread cost a nickel in 1913 that means that you could only buy maybe 6 loafs of bread with an hour of wages.

A loaf a bread today costs 1-2 dollars.

Which would only amount to maybe 6 to 12 dollars an hour. Most people earn more than that per hour.

So people make more money with the federal reserve system.

Wrong Again. A loaf of bread costs 4 dollars and its smaller.
The Fed is for the benefit of the creditors, not the debtors.

 

[PAF]

If I complain (with or without your permission), I'll complain the same whether a loaf of bread costs $89.99 ... or $899.99 ... or $8999.99 ... or ...

Sure, by all means, no permission required/expected/necessary/etc.

Something that is unaffordable at one wheelbarrow full of Weimar Papiermarks is just as unaffordable at two.

Even a purist like me knows that 2 wheelbarrows full of Weimar Papiermarks is better than 1 when the guy down the street is selling a good running generator for half and will accept the exchange.

IOW: There is some point at which the numbers just don't matter anymore.

Number always matter. That's my very first rule [see above].

When it comes to the federal debt, we are past that point.

Qualified by "we are", not "they are". Which is by design. In which case [as to my point above], number do matter, because when they have what is perceived to be "paper of value" which be can be exchanged for the hard work of peons, they still somehow come out ahead; their extravagant YACHTS will still sail with HOT BABES on board.

Eh, who cares, we are both vicious libertarians with gnashing teeth who never see eye-to-eye anyway

 

[nikcers]

Wrong Again. A loaf of bread costs 4 dollars and its smaller.
The Fed is for the benefit of the creditors, not the debtors.

24 ounces of multi grain bread at Walmart is 2.67 right now.

Usually the other stores have bread even cheaper.

How big were the breads in 1913?

The inflation data website says bread was 5.6 cents per pound in 1924. A pound is only 16 ounces.

 

[Occam's Banana]

Number always matter.

No, numbers don't always matter.

Eh, who cares, we are both vicious libertarians with gnashing teeth who never see eye-to-eye anyway

Sometimes we do see eye-to-eye.

(For example, we both think the Federal Reserve should be ended and replaced with nothing.)

So you're wrong again.

 

[vita3]

 

[PAF]

It's that Overton Window [again]. They knew full well going into the election what was going to happen [again]. Including the necktie.

 

[TheCount]

You know the economy is doing amazing when its defenders have to resort to arguing about the weight of loaves of bread.