https://truthsocial.com/@jsolomonreports...5809975363

I think this has to do with a new fiscal year starting and actually totaling things up. Everything from here on is on Trump.

somebody's gonna have to explain this fuzzy math ... how does shutting down the gubbermints for three weeks cause the debt to rise by 1T in 2 mos...

https://www.cbsnews.com/news/us-debt-38-...down-2025/

Quote:The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows.

The country's mounting debt comes as the government remains closed, disrupting the economy as hundreds of thousands of federal workers go unpaid.

Government shutdowns can boost the national debt because they delay economic activity and postpone fiscal decisions, while pausing federal programs and starting them up again can also increase costs. The Office of Management and Budget estimated that a 2013 U.S. government shutdown cost $2 billion in lost worker productivity.

"Reaching $38 trillion in debt during a government shutdown is the latest troubling sign that lawmakers are not meeting their basic fiscal duties," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, a nonpartisan nonprofit focused on fiscal policy, said in a statement.

"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," he added.


The longest shutdown in U.S. history, the 35-day stalemate in 2018, cost the economy $11 billion, largely to a reduction in spending by federal workers, according to the Congressional Budget Office.

In September, 81% of voters surveyed by the Peterson Foundation highlighted the national debt an issue of concern. According to economists, the growing mountain of debt leads to higher interest costs for the U.S. government.

Interest payments on the nation's debt are forecast to rise from $4 trillion over the past decade to $14 trillion over the next 10 years, curtailing public and private spending in key economic sectors, the Peterson Foundation said.

Rising U.S. debt could also undermine investor confidence in the economy, David Kelly, chief global strategist with J.P. Morgan Asset Management, said in a report earlier this month.


Credit rating agency Moody's downgraded the U.S. credit rating in May from its top rating of Aaa to Aa1, reflecting investor concerns about the government's growing debt. The two other major credit rating agencies, Standard & Poor's and Fitch Ratings, have also lowered the U.S. rating.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget and a prominent voice on the nation's fiscal policies, also expressed concern at the national debt topping $38 trillion.

"The reality is that we're becoming distressingly numb to our own dysfunction. We fail to pass budgets, we blow past deadlines, we ignore fiscal safeguards and we haggle over fractions of a budget while leaving the largest drivers untouched," she said in a statement. "Social Security and Medicare, for example, are just seven years from having their trust funds depleted — and you don't hear anything from our political leaders on how to avoid such a disaster."

what's really funny, is gold got its arse kicked today due to supposed improved trade negotiations with muh gina and a stronger USD...

it's been stated too many times ... the day of reckonin' is a comin' ... it's just a matter of when margin call vs. liquidity being the $64K question whilst playing in the fiat of uncertain times during the greatest wealth gap/transfer in US history ... it's a simple numbers game as the boomers continue to live longer w/o the support mechanisms req'd to sustain such...

there's been a plenty, but the mass exodus should've been the biggest warning sign of 'em all...

I don't understand how deflation isn't being used in certain regions involving real estate (which is the #1 economic factor of 'em all)...

oh, wellzy ... it's past muh bedtime ...

I saw the explanation for the jump a few days ago, but don't recall the details, other than I think it was already baked in, and maybe had something to do with the FY flipping over.

I sold a kilo of silver for 1670ish bucks on Monday to keep from having to break into my cash stash for some new all-terrain rubber for my new Ram Bighorn 4x4. I think I gave less than half of that for it some time ago. I am holding onto the little remaining gold I have.

I may become physically ill if I keep contemplating how much of it and silver I once had. I could retire again right now. Oh well, let's just add that to the pile of Ethereum coins I once had, which I purchased for about 300 dollars each that are now worth about 4k each. Sighhhhh

(10-22-2025 10:34 PM)TripleA Wrote:  I saw the explanation for the jump a few days ago, but don't recall the details, other than I think it was already baked in, and maybe had something to do with the FY flipping over.

That's what I'm thinking, too.

The problem is so big now I really don't see anyone being able to make real improvements.
Doge cuts 200 million and people scream like the world is ending while we need cuts of 3 trillion per year.
with Doge we are only 2.8 trillion short.

(10-23-2025 08:29 AM)goodknightfl Wrote:  The problem is so big now I really don't see anyone being able to make real improvements.
Doge cuts 200 million and people scream like the world is ending while we need cuts of 3 trillion per year.
with Doge we are only 2.8 trillion short.

DOGE was never about cutting government spending.

buying new private jets for every government official isn't helping.

(10-23-2025 08:41 AM)ballantyneapp Wrote:  

(10-23-2025 08:29 AM)goodknightfl Wrote:  The problem is so big now I really don't see anyone being able to make real improvements.
Doge cuts 200 million and people scream like the world is ending while we need cuts of 3 trillion per year.
with Doge we are only 2.8 trillion short.

DOGE was never about cutting government spending.

buying new private jets for every government official isn't helping.

Sources?

Neither party is serious about the debt... and it is going to be what kills this country.

(10-23-2025 11:41 AM)mlb Wrote:  Neither party is serious about the debt... and it is going to be what kills this country.

Yes.

Nope.

Hopefully, when things become untenable, someone will pull a Millei and kill about 40% of the fed gov. Or more.

They can do that or just go out of business. Which do you think will actually happen?

For decades, I have supported a plan to reduce the fed gov to essentials, and there really aren't that many functions that are critical:

1. Military
2. Federal law enforcement
3. Federal court system (but much smaller)
4. Not much else

I can balance the budget in 15 seconds. Pull out the 2019 federal budget, which was for $4.4 trillion dollars. Increase every line item by 20% to account for inflation, which makes it about $5.3 trillion. That’s about $400 billion less than budgeted revenue for this fiscal year. Then simply tell each agency that’s all they get.

Spend the next year rearranging line items to better reflect current needs, but put a hard cap of CPI on future overall spending. This will ensure a budget surplus every year pending a major war or depression.

Yep, Biden ripped a giant hole in the budget, and not in a good way.

It took 204 years to tally 1 trillion of debt. in 44 we have upped it to 38. Interest payment on the debt is now the second largest bill the gov't has. in 25 years it will be the largest expense. Had the politicians been fiscally responsible and the American people not always crying over every not funded goodie out there, think of the things we could be doing today. 1.2 trillion is the interest this year. almost 1/2 of the deficit.

It is truly sad what we have done to ourselves.

(10-23-2025 08:29 AM)goodknightfl Wrote:  The problem is so big now I really don't see anyone being able to make real improvements.
Doge cuts 200 million and people scream like the world is ending while we need cuts of 3 trillion per year.
with Doge we are only 2.8 trillion short.

Which is why Ive said for some time the real issue is "austerity" is not fun. While everyone logically understands we cant just keep swiping the credit card----the reality remains that its very difficult (if not impossible) to win elections with an austerity agenda if your running against a candidate promising a laundry list of free give aways.

There is only one way this ends. The hard way. Thank goodness I won't be around to see it. But my grandkids likely will.

I could tell them to save up and hide it somewhere, but it won't be worth the paper it's printed on by the time this goes down.

There is no way around it, unless somebody wakes up soon and helps everybody take their medicine.