CNBC: The U.S. national debt is rising by $1 trillion about every 100 days

Politics
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The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.

The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29 . . .

Before that, (June 15, 2023) the $1 trillion move higher from $31 trillion took about eight months. . . .

President Biden and the US Congress. What, only last June, used to take 8 months now happens in 100 days. Next stop every 50 days. Yay!!

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Meanwhile Forbes reported last year that "(a)ltogether, the planet’s billionaires are now worth $12.2 trillion.)

So if we could just take all the oil fortunes of Saudi Oil Sheiks, and real estate fortunes of Chinese real estate moguls,
and find someone to sell their stuff to
and hope that their businesses keep going,
AND IF WE ENACT A SPENDING FREEZE
we can fund the national debt for 12 100 day periods, (most, but not all the way through the next presidential term.)

. . . . Globally, we counted 2,640 ten-figure fortunes, down from 2,668 last year. Altogether, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022. Nearly half the list is poorer than a year ago . . .

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Hmm seizing all the money (every single dollar) from every billionaire in the world, won’t fix this.
Maybe we should cut spending.

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Saw that earlier that’s truly devastating news.

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I am not sure that the headline uses the wrong verb tense.
(perhaps I was fooled.)

It might have been better written
“Technically the national debt rose $1trillion in 100 days, but that was an anomaly.”
or
“By one way of counting, the national debt rose $1 trillion in 100 days.”

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Cutting spending is the obvious and Only solution.

Those are 4 letter words to our woke libs who think we can spend like drunken sailors forever. :roll_eyes:

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The entrenched DC culture would see a spending freeze…just holding this year’s and next year’s spending at last years levels as a cut…because the needless departments of whatever wouldn’t get their automatic increases…

Personally I d like to see whole departments eliminated….but that’s just me.

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Along with repressive regulations they are chartered to enforce.

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Somehow the old concept of “the consent of the governed” has gotten turned on its head…

We now live under the boot of the consent of big government…

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National debt went over $38 trillion today.

It went to $37 trillion on August 12, 2025.

Maga!

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The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing previous forecasts to reach $37 trillion in August. This means the federal debt rose by $1 trillion in a little over two months, which the Peter G. Peterson Foundation calculates is the fastest rate of growth outside the pandemic.

Michael A. Peterson, CEO of the nonpartisan watchdog dedicated to fiscal sustainability, said this landmark is “the latest troubling sign that lawmakers are not meeting their basic fiscal duties.” In a statement provided to Fortune, Peterson said that “if it seems like we are adding debt faster than ever, that’s because we are. We passed $37 trillion just two months ago, and the pace we’re on is twice as fast as the rate of growth since 2000.”

I’m never sure if I should be worried about this or not.

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You know what will help? - unfunded tax breaks!

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So what ever happened with DOGE?

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We all should be.

Soon just the interest on the debt will be our government’s biggest line item. With the trajectory continuing, some day the interest cost will exceed all revenues.

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That seems sensible, but politicians in both parties don’t seem to care beyond campaign slogans. Maybe they know something I don’t.

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Truthfully,
It is like a wildfire that is just a little closer than the horizon.

It’s not likely to reach us soon but we’d best not ignore it.

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This:

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sit tight for a couple more years when democrats are in charge. then it wont matter

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Of course, there are multiple threads complaining about things getting cut right now.

Libs want it both ways.

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Which administrations lowed the deficit more effectively in the last say 30 years? Ds or Rs?

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Me too.