Comicomment: Feeding the Debt Monster,digging Its Own Grave

Breaking: U.S. Federal Debt Crosses $38 Trillion — Alarm Bells Ring Worldwide - Business Connect Magazine

The national debt of the United States is currently above 38 trillion dollars, and deficits are predicted to remain above 7% of GDP for years to come. The United States may be approaching unknown fiscal terrain, according to economists. We explore the causes of this debt surge in our upcoming study. How does it contrast with the budgetary restraint of Europe? And why the IMF refers to it as a momentous occasion for the world economy. U.S. Nation…

Debt and what will cause the next financial crisis – Richard Mills

2025.10.30 It took just 71 days for the US federal government to add another trillion dollars to the national debt.In August, the debt soared past $37 trillion for the first time. On Oct. 21, it blew past $38 trillion, according to FXStreet. Source: FRED This happened despite tariff revenue and Department of Government Efficiency (DOGE) staff reductions. And US debt is accelerating. In 2020, the Congressional Budget Office projected the debt wo…

Comicomment: Feeding the debt monster,digging its own grave

As the U.S. government shutdown continues, the national debt has surged to $38 trillion, federal paychecks are delayed, and the economy is disrupted. Michael Peterson, CEO of the Peter G. Peterson Foundation, calls it a clear sign that lawmakers are failing in their fiscal duties. The government, feeding the ever-growing “Debt,” has turned a manageable problem into a $38 trillion monster—threatening a catastrophic burst that could consume its ow…

America’s $30 Trillion Debt Crisis: How Peace-Time Spending and Political Promises Created a Fiscal Time Bomb.

(ThyBlackMan.com) In 1980, America’s publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25% of annual U.S. GDP. Today, that figure is a little over $30 trillion, or around 100% of GDP. And as the federal debt grew 42 times larger over that span, the economy grew only tenfold. You can’t expand the numerator four times faster than the denominator for 45 years without courting economic danger. That’s…