And this excerpt from the NZ Herald this morning is a "shocking eye-opener"....... "America’s gross national debt has topped US$40 trillion for the first time, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programmes and President Donald Trump’s tax cuts. The shortfall between what the United States spends and what it earns through taxes and other revenue now exceeds the size of its entire economy. This year alone, the United States is on track to borrow more than US$2t ($3.3t) to help pay for its obligations, including spending on the war in Iran and the sweeping tax cuts that Republicans enacted in 2025. Soaring interest payments to investors who have purchased America’s debt now make up about half of that red ink, pushing the United States into a deeper financial hole. Trump has promised to restore fiscal order, yet many of his policies have only exacerbated America’s financial woes. When he first ran for the White House in 2016, Trump said he would eliminate the national debt within eight years by making new trade deals and jumpstarting economic growth. Since then, the national debt has doubled". Magas still winning????????? LOL.
