WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.
The largest category is “debt held by the public,” which includes holdings by U.S. private investors (like individuals, mutual funds, and pension funds) and foreign investors. As of early 2025, private investors held about two-thirds of the national debt, or approximately $24.4 trillion.
It has always (in my lifetime) been a safe investment to buy U.S. debt. Many would say the safest investment in the world. although not the most “sexy.” We have always paid our debts, and investors count on that for a solid, non-sexy, basic, investment that at the very least matches the rate of inflation. That may change as our government becomes more and more unhinged. Keep an eye on our credit rating moving forward. We currently have a CIC who is well known not to pay his debts.
Even better, we know for a fact he hired cheap immigration labor and then threatened to turn them in when they complained about not being paid. The guy is a shithead. Most normal people know that.
Yes the Loony Left is good at whining and crying. Now if they would either join in the rebuild of this country after the Loony Left leaders destroyed it, or get out of the way, then Trump will knock that number down significantly.
Meanwhile, as usual, this such a stupid talking point from the “news”. DHS is replacing an older fleet that include planes 20 plus years. There are many many aircraft within this entire organization, including those manufactured by Gulfstream, all of which will be replaced at some point in time.
