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.

  • village604@adultswim.fan
    link
    fedilink
    English
    arrow-up
    1
    ·
    8 days ago

    Other countries have discussed calling the US on their debt, so a default isn’t a preposterous assumption to make.

    But it’s all imaginary money and all countries could just decide to reset the counters to 0 if they wanted to.