Mastodawn

#TorstenSlok, chief economist, Apollo Global Management: For every five dollars the US #government receives in #tax revenue, one dollar is spent on servicing the #nationaldebt.

Andii אַנדִֽי 4d ago

"Pension funds and life assurance funds are critically dependent upon the existence of the UK government's national debt because it is the safest form of savings available to these funds who save for the long term.
So you, probably, have hung your future security on the back of the UK government debt, whether you know it or not. Without that national debt, savings and finances in this country would not work."
https://www.taxresearch.org.uk/Blog/2026/03/22/the-national-debt-is-not-what-you-think/
#NationalDebt #UKpolitics #inequality #MMT

The national debt is not what you think

We have just published this short video on YouTube and many other channels. This is the transcript: The national debt is not what you think. We’re told it’s debt, and it has to be repaid, but what if repaying it would crash the economy? That is what would actually happen. The point is, the...

Funding the Future

News Beep 6d ago

The Iran War’s Price Tag: Billions Lost While Americans Go Without

Wars are expensive. Besides causing a lot of killing, terror, and mayhem, wars also take huge bites out…
#NewsBeep #News #BreakingNews #breakingnews #domesticfundingcuts #gunsvsbutter #Iran #iranwarcost #Nationaldebt #trumpwarspending
https://www.newsbeep.com/445526/

Political Cartoon Gallery Mar 20

Christian Adams @Adamstoon1 on #RachelReeves #KeirStarmer #NationalDebt #RedNoseDay @Telegraph – political cartoon gallery in London original-political-cartoon.com

John Yates Mar 19

US #NationalDebt : Late 2024: $35-36 trillion. Late 2025: 38 trillion. #ConvictedFelonTrump is BANKRUPTING #AMERICA just like he bankrupted his casinos and businesses! And now ENDLESS WAR! America's credit rating is DANGEROUSLY AT RISK! #VoteBlue exclusively! #Politics

Charlie McHenry Mar 18

WASHINGTON (AP) — The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself — the latter of which Donald Trump promised to do as both a candidate and as president. The Government Accountability Office outlines some of the impact of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services. #NationalDebt #economy #debt #RepublicansDidThis #TrumpRegime

https://apnews.com/article/us-national-deficit-hits-39-million-6ff73495bae701b5c009d3da5515ca3a

US national debt surges past $39 trillion

The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U.S.-Israeli war in Iran. The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also squeeze wages and push up prices. Budget advocates warn that growing interest payments force tougher tradeoffs. The federal debt has surged under both Republican and Democratic presidents, most recently fueled by wars, large-scale pandemic spending and tax cuts. The U.S. national debt hit $38 trillion five months ago — and $37 trillion two months before that.

AP News

News Beep Mar 11

The national debt was already ballooning under Trump. Then came a $1 billion-a-day war with Iran

The United States was already on an unsustainable fiscal trajectory, adding to the national debt at breakneck speed,…
#NewsBeep #News #Headlines #DonaldTrump #Inflation #Iran #MiddleEast #Nationaldebt #UnitedStates #Us #USA
https://www.newsbeep.com/429509/

News Beep Mar 11

How the Iran war’s nearly $1 billion-a-day price tag is deepening America’s debt crisis

On February 11, the Congressional Budget Office released its closely-watched, 10-year projections for the U.S. budget, this addition…
#NewsBeep #News #BreakingNews #breakingnews #Finance #Iran #Nationaldebt #U.S.Economy
https://www.newsbeep.com/429174/