US debt crosses $40 trillion threshold after doubling under Trump and Biden

 Proclivities wrote:

Great. Thanks, Donnie!

 Proclivities wrote:

Thanks.

 Red_Dragon wrote:
Hmm, it wasn't at first, but it is now; it's from that left-wing rag Fortune.  Try this.

 Proclivities wrote:

Nice! Only took him just over a year.

 Proclivities wrote:

paywalled

The Treasury just declared the U.S. insolvent. The media missed it

 Proclivities wrote:
But those jobs don't benefit the ultra-rich, so what's the problem?

 islander wrote:
If the title of this thread holds for the mid-terms, pretty soon some of the republicans are going to have to start calling things out and accepting that Trump is responsible for serial bad news.  In the past week....

• Unemployment rose to 4.4%, 
• Prior months’ job gains revised downward, (as you noted)
• Manufacturing, transportation, and information sectors all reported cutting jobs... simultaneously.
• Labor force participation fell, 
• Oil prices surged above $90, 
• Stock markets dropped sharply 
• Iran war is increases all economic uncertainty.
• higher bond yields and delayed Fed rate cuts

That's THIS WEEK.

Trumps complete lack of a plan, and need to be the center of attention while proving he's in charge, is quickly driving us toward a financial cliff.  All of those "he's a successful business man" supporters need to look up how most of his deals end.... in bankruptcy.

 Proclivities wrote:

And these are the 'cooked' numbers.

The US economy lost 92,000 jobs in February and the unemployment rate rose to 4.4%

 black321 wrote:
He told everyone at Davos we're going to pay it back with growth....and the DOGE already delivered massive debt benefits.

 Proclivities wrote:

It's OK...we don't need to pay the ~$10T borrowed from foreigners. 

 Proclivities wrote:

He needed a little pocket money...

I guess DOGE missed something:
Trump added $2.25 trillion to the national debt in his first year back in charge, watchdog says

 maryte wrote:


  One of Nico's favourite audiobooks has a nice play on that theme:
"We're not as stupid as we look!
No, at least half as unstupid as you'd think!"

 maryte wrote:

50 per-cent cheaper... or something.

I'm so happy! Went grocery shopping yesterday and a dozen of eggs is only 50 cents more than they cost right before the election in November!  That's cheaper, isn't it?   

Last week Wyndham Hotel's and Resorts (where Mrs. Miser works) cut 20% of it's workforce due to a big 1st quarter loss and a projected comparable loss in quarter 2. Seems people aren't spending money on vacations like they were just last year. And to think the Big Beautiful Billionaire Bill hasn't even been birthed yet. Buckle up! 

here's another on the deficit


Trump’s Plan Boosts Budget Deficits by $7.5 Trillion

The former president’s tax and spending ideas add up to more red ink than those of the vice president, according to a new analysis.