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Author Topic: United States reaches $37 trillion in debt  (Read 86 times)

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Offline Hoodat

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United States reaches $37 trillion in debt
« on: June 21, 2025, 02:53:46 pm »
United States reaches $37 trillion in debt

The benchmark comes after the U.S. passed the $36 trillion debt threshold in November.

Misty Severi  |  June 20, 2025  |  8:36pm

he United States on Friday reached $37 trillion in debt, less than a year after it surpassed $36 trillion.

Multi-billionaire Elon Musk, who is considered the richest man in the world, warned that the benchmark was around the corner on Tuesday, and that the United States was hovering on the edge of going "de facto bankrupt" because the interest payments on the U.S. debt account for 25% of all tax revenue.

"If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else," he posted to X.  .  .  .

https://justthenews.com/politics-policy/finance/united-states-reaches-37-trillion-debt


We continue to go in the wrong direction.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Hoodat

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Re: United States reaches $37 trillion in debt
« Reply #1 on: June 21, 2025, 02:55:02 pm »
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Online bigheadfred

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Re: United States reaches $37 trillion in debt
« Reply #2 on: June 21, 2025, 03:24:24 pm »
 :0012: :cheerlead:  :headbang: :elephant:
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She asked me name my foe then. I said the need within some men to fight and kill their brothers without thought of Love or God. Ken Hensley

Offline roamer_1

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Re: United States reaches $37 trillion in debt
« Reply #3 on: June 21, 2025, 04:55:58 pm »
Under a 'Republican', 'conservative' administration, no less...

With Republicans in control of both Houses and the Judiciary.

*SPIT*
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