, a milestone that comes at a time of historically high inflation, rising interest rates and growing economic uncertainty. The nation’s total public debt outstanding closed at $31.1 trillion on Monday, according to Treasury Department data published Tuesday. The US government went on a borrowing spree during the Covid-19 pandemic to help shore up the nation’s economy as the deadly virus upended lives, labor markets and supply chains.
“Excessive borrowing will lead to continued inflationary pressures, drive the national debt to a new record as soon as 2030 and triple federal interest payments over the next decade – or even sooner if interest rates go up faster or by more than expected,” the CRFB wrote. America’s borrowing levels have soared during the past decade. The outstanding public debt was $10.6 trillion when former President Barack Obama took office on January 20, 2009; $19.
North Korea launches two short-range ballistic missiles toward It's Eastern waters blames USA drills escalation.
America needs to go into debt-review.
LetsGoBrandon
And politicians always try to claim it will go down during elections!
Gone to the dogs.
They will just print more money and pay the news to fear monger everybody
So what? If China asks for its money back USA can just tell em to piss off. What China gonna do about it?
But Brandon said it’s going down
Who are they in debt to? Ukraine?
Nothing to see here. It's all orange man's fault...
Impossible because Biden said he has been paying it down🤔
Didn’t the POTUS just tell us how good we’re doing?……….
We owe the decepticons? LOL
And Trump is responsible for the majority of it.
This time for Afghan woman’s and girls 🇦🇫 StopHazaraGeoncide 😞💔
LetsGoBrandon
Debt isn't meant to be paid in full, that's not even possible. Debt was conceived to keep you enslaved.
散摊子吧。
Insane amount of debt.Were giving everyone money and We Americans are not seeing a Dime!😡🇺🇸
Ah Rome has a new play called The ides of March are upon Us.
Another Biden Failure 🙄
you people confuse us a lot. Africans which is america south and north america or which american country are we talking about. when we mention america you complain that its USA not america now what is this.
Tamil comedy actor
How does a country in so much debt afford to spend $100 billion+ on weapon for Ukraine? How is this debt going to be paid?
And yet there are so meant people on Fox News that keep saying that the economy is tanking!
It's a ponzi scheme,if everyone owes,one person is so fucking rich
RED WAVE VOTING!!!!!!!!!!!!!!!!!!!!!!!!!!
The deficit has decreased almost a half billion in the last 21 months. I guess Biden isn't as irresponsible as the right would have us believe. I wonder what will happen in the next 2 years with a 15% corporate tax.
Always love how political everything in America is. Ridiculous One month to elections so of course this is the reporting. Honestly feel bad for you all having to live like this.
Thanks biden you clown 🤡
FJB
EWErickson Who cares? It makes no difference in any of our lives.. your taxes will not increase.. stop being a victim
Sky is the limit?... ☹️
That’s almost half my grocery bill.
As US national debt is increasing, allies need character occupation, franchise assets of the US Military will increase, coordination of USNavy profiles will increase due to rise in $ gross. AP AFP
Joe killing it. I'm sure he's going to take credit for the gas prices going up 60 cents overnight too. Oh yeah. NM. It's the hurricanes fault. 🙄🙄🙄
Thanks Biden! What was all that “lowered the deficit” talk?!?
Now can we start trying to balance the budget?
Shhhh... I just got done telling everyone that I've lowered the deficit by trillions of dollars.
I want another stimulus check POTUS
Let’s go Brandon!
Line go up lfgooooooo We gotta hit 100trill boys let's fucking do it
What’s Biden doing to reduce it?
I remember when Bill Clinton had a plan to end the National Debt in five years! Remember how long that lasted under George Bush who bankrupted the country?
'US government went on a borrowing spree during the Covid-19 pandemic to help shore up the nation’s economy as the deadly virus upended lives, labor markets and supply chains. ' so this debt is actually investment. Suck it up American. This debt saved your a$$
Love it you all call CNN fake news until it is something negative you want to hear about POTUS, tomorrow they will post a positive message about him and you’ll all be back to calling it FAKE.
If you want to know where the 32 trillion is,look in the tax havens. Usa and uk have over 90 trillion stashed away in them. So there your answer.
Help me out here. Didn't Biden say he reduced the deficit?
We do not consider warlord politicians to be suitable for the American people, we believe that America can spend all its expenses on the American people through pacifism, and America has this capacity. American people, don't let your money go to war America THEWAR
Oh, I now owe the Government $246.000.00. Constitutionally the government can deem this due and seize my property unless I pay! Sleep well
LizMair Wow! Shocking 😀 I would have been more inclined to read the article if the LEDE would have been: 'America’s national debt has climbed north of $31 trillion for the SEVENTH time...'
Not Good. - Not Good at all.
And the wealth of the 1% climbed to $47 trillion. Gee, I wonder if there is a connection?
This is how corrupt Joe Biden is.
Ukraine has a lot of it.
And they're just getting started. At this pace, we won't make it 2 more years
Thanks Democrats!!
EWErickson Joe Biden
Covfefescu really blew the debt up to give billionaires tax cuts
This is how corrupt Joe Biden is.
Under Joe Biden, this nation is in financial trouble. America needs a better President.
Thanks GOP
Don’t worry, Biden is spending another $1 trillion to Ukraine
Let’s Go Brandon‼️‼️
Cut politicians pay until they can balance the budget and control spending.
Maybe that’s why my friend said they took his military check to pay down the debt.
poverty franchise
Because Biden and the Democrats suck and are criminals, plain and simple
Pónganle una Junta de Control Fiscal como en Puerto Rico.
The collapse of the United States is near, because instead of spending money on the American people, they are spending money on wars in other parts of the world.Biden could not solve the problem of employment and class gap in America American MiddleEast UkraineRussiaWar
Let me guess Putins tax hike
Don't worry too much. Joe will just print some more. He discussed it with Kamala, and she agreed. They are streamlining their operation by directly printing Ukrainian Hryvnia currency instead of US dollars. Biden will send the bill to Putin by the way. Joe got this.
Damn, and I can't even afford a lb. of butter.
Yes, and this debt can't be canceled. Better get your survival kit ready.
Blame trump or Biden?
What happens if we pay it off? Curious
And the government won’t cut a dime. Imagine a typical household or business manage finances like these clowns in DC.
Biden said he lowered national debt by one trillion. So he lied again.
Every R & D vote deserves a depression.
Send more to Ukraine