all he ever known is laundering russians for thier money, through his casinos, using investors money than bankrupting to avoid any lawsuits against himselfs, or drown the opposition(the sue-r in so much shit) they cant fight them anymore.

Well he is running it like a business hrs got ng yo bankrupt the country.

The secret is Trump will debase our currency to the point where a hotdog stand charges a million dollars for a can of soda. Then our debt will be relatively meaningless and easy to pay off.

You did .... by leaning into it and letting it hit you square in the chest ... don't worry the internal bleeding is slow, you'll just slowly fall asleep and never wake up again.

Eh the media is already pretending Trump's Biggest Tax In History will be turned into a cash funnel to pay down the debt. When in reality not a single dollar will flow there. The media is back to being totally complicit.

There's a world in which the US is carrying $37T, everyone lives in a spacious public condo, rides the UltraMax train around town to their 30 hour/week jobs or publicly financed doctor's appointments or state financed university classes or luxury public park and spa.

And I think that would be money well spent.

Shame we don't live in that country

US debt reaches $37, trillion years before expected.

But how could that be possible? He's a master businessman!

A fuckton of it.

It's OK. I heard after the prescription price reduction, he's looking to lower the national debt by at least 1500% also.

It's a modern day religion .... it's a faith based system

It works and functions and is all powerful because enough people believe in it and hold all their faith in it ... it's faith and belief that make it work

But it's also the Achilles heel of the whole system ..... if enough people in the whole system stop believing in it ... it all collapses in on itself and it is destroyed and evaporates instantly.

Having large debt matters for how expensive access to cash is. No matter how "fake" it is, the financial system puts a premium on how long it takes to get their lent money back. The longer it's stuck, the worse the reputation of getting it back, or simply the higher the demand — the higher the premium.

And as you need cash to make payments for goods and services (as opposed to tax rebates) that has the effect that US tax dollars and investments have lower rate of return as sufficient cash gets more expensive.

Another part is that the debt will be taken out in some form, e.g. foreign currency, making that currency more available for cash transactions (while at the same time making yours' less available due to being locked into what you needed it for). This shifts trade away from USD, which makes it much harder to influence/control what it's used for, how much it's worth, and harder to make people care how much of it there is.

As the world trades in something besides USD and/or avoids investing in the US due to high costs/volatility, the US gets less relevant/influential in global policy, diplomacy, business, investments and even domestic policy.

It's possible that other countries might start calling us on the debt, if we borrow faster than we lend, or faster than inflation.

Countries don't have credit ratings in the same way Americans do, but they still have ratings on their bonds. If those ratings get downgraded, people stop lending us money, and then everything crashes and burns.

"Biiiiiiiiiiden's economy!?!"

"Hey... I found a dollar in the seat cushions!"

"TRUMP'S ECONOMY! TRUMP'S ECONOMYYY!!!"