US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It's also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

 

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

https://finance.yahoo.com/news/us-hits-38-trillion-debt-212347482.html

 

 

What's a trillion between friends?

37 minutes ago, emptypockets said:

What's a trillion between friends?

So how many friends does this actual administation have?

Argentina and Russia for sure.

But the occupator of the White House doesen‘t need other global friends.

 

His pockets are filled, so who cares for friends…

 

Not a problem ,Donald says he has brought in several Squillion 🙄

If only you could live on lies , so much money also seems to have

disappeared in the administration .

 

regards worgeordie

just posted it on another topic....

 

Most of the burden of that $1.2 trillion will be shouldered by consumers

The cost of Trump's tariffs: Consumers will be hit hard

https://www.msn.com/en-xl/news/other/the-cost-of-trump-s-tariffs-consumers-will-be-hit-hard/ss-AA1OYgEU?ocid=msedgdhp&pc=LCTS&cvid=68f98b55ad874ec5909ac7b5140ee1db&ei=10#image=10

 

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"

 

https://fortune.com/2025/10/22/how-much-national-debt-38-trillion-deficit-tariffs/

 

 

2 hours ago, CallumWK said:

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It's also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

 

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

https://finance.yahoo.com/news/us-hits-38-trillion-debt-212347482.html

 

 

Look forward to the anniversary numbers post Jan. 2026 !

 

This is for any US farmers out there. You own this.

 

 

 

 

 

 

 

Does this count as a MAGA win?

 

 

 

 

Don't worry, it may only be temporary. If there is a free election in 2028 and the Democrats win, the GOP will surely try to lower the debt by all means possible.

1 hour ago, BLMFem said:

This is for any US farmers out there. You own this.

 

 

 

 

 

 

 

 

https://www.pbs.org/newshour/show/this-is-going-to-hurt-us-u-s-ranchers-push-back-on-trumps-argentina-beef-deal

 

Farmers, ranchers and cattle producers are opposing President Trump’s plan to buy more beef from Argentina. Prices have jumped nearly 14% over the past year, and many cattle ranchers and farmers’ groups are concerned the move will come at their expense. Geoff Bennett discussed more with Buck Wehrbein, president of the National Cattlemen’s Beef Association.

4 hours ago, CallumWK said:

the U.S. hit $37 trillion in gross national debt in August this year.

 

What's the big deal?

 

Trump announced 100% tax on American consumers purchasing affordable goods from China.

 

We're gonna tax ourselves into prosperity!

4 hours ago, CallumWK said:

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It's also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

 

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

https://finance.yahoo.com/news/us-hits-38-trillion-debt-212347482.html

 

 

This is what happens when the dems build a goverment that we can't afford. 

2 minutes ago, NoDisplayName said:

 

What's the big deal?

 

Trump announced 100% tax on American consumers purchasing affordable goods from China.

 

We're gonna tax ourselves into prosperity!

I'm glad you support low taxes. 

9 minutes ago, NoDisplayName said:

 

What's the big deal?

 

Trump announced 100% tax on American consumers purchasing affordable goods from China.

 

We're gonna tax ourselves into prosperity!

That's such a genius move! You guys really hit the jackpot with this genius president!🤣

 

 

 

 

MAGA; when you're losing Tomi Lahren as well as MTG, it's time to worry!😆

 

 

 

5 hours ago, CallumWK said:

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It's also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.

 

The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.

https://finance.yahoo.com/news/us-hits-38-trillion-debt-212347482.html

 

 

That's funny. Currently Europe looks at France (in dire financial straits). They are paying 4% of GNP to service their national dept. Everybody much worried.

 

IN THE US IT'S 12% of the GNP !!!!!!!!

 

A trillion here  , a trillion there and your soon talking real money !

16 minutes ago, swissie said:

That's funny. Currently Europe looks at France (in dire financial straits). They are paying 4% of GNP to service their national dept. Everybody much worried.

 

IN THE US IT'S 12% of the GNP !!!!!!!!

 

It's not 12%. It was 3.1% in 2024 and 4% in 2025. 

Make your minds up, was only a few weeks ago the hivemind was wigging out over BigBalls & Musk trying to save billions of $$ the left were spaffing on vanity projects. Now debt is important?? Seriously?

13 minutes ago, SunnyinBangrak said:

Make your minds up, was only a few weeks ago the hivemind was wigging out over BigBalls & Musk trying to save billions of $$ the left were spaffing on vanity projects. Now debt is important?? Seriously?

To remind you. 
 

Musk didn’t save anything, stole American’s social security data and skulked off.

6 minutes ago, TedG said:

It's not 12%. It was 3.1% in 2024 and 4% in 2025. 

 

Is that what your master tells you?

 

2 minutes ago, TedG said:

It's not 12%. It was 3.1% in 2024 and 4% in 2025. 

Of course, it's your privilege to argue with statistics. Most credible financial resources left are definitely indicating 12 %. Wall Street Journal, Financial Times etc etc.....

4 minutes ago, CallumWK said:

 

Is that what your master tells you?

 

Could you go back and reread the OP's post?   The OP is talking about the cost tos service the national debt as a percentage of the GNP.   

 

The cost to service the debt in 2025 was 1.2 trillion.  The GPN so far in 2025 is over 30 trillion.  

 

1.2/30 =0.04 

6 minutes ago, swissie said:

Of course, it's your privilege to argue with statistics. Most credible financial resources left are definitely indicating 12 %. Wall Street Journal, Financial Times etc etc.....

The cost to service the debt in 2025 was 1.2 trillion.  The GPN so far in 2025 is over 30 trillion.  

 

1.2/30 =0.04 

8 minutes ago, Chomper Higgot said:

To remind you. 
 

Musk didn’t save anything, 

Fact check - 5 pinocchio dumpster fire.

 

For starters Musk saved free speech in America and most places around the world by purchasing Twitter and allowing everyone their say, rather than only lame democrat/communist rhetoric under the previous owner.

11 minutes ago, TedG said:

 

The cost to service the debt in 2025 was 1.2 trillion.  The GPN so far in 2025 is over 30 trillion.  

 

1.2/30 =0.04 

It's 125% of GNP, that's the point. Some Hokus Pokus divided by 77 won't change that.

1 minute ago, swissie said:

It's 125% of GNP, that's the point. Some Hokus Pokus divided by 77 won't change that.

Could you reread your original post?  

I follow the old adage, if I owe you 10 thousand dollars that's my problem, if I owe you 1 billion dollars that's your problem 

 

or I could sit there playing the who is most screwed game, but I cannot be bothered 😉

5 minutes ago, TedG said:

Could you reread your original post?  

And the final result is: 12% of tax revenue goes to finance the national dept. Interest only. Year by year.