No. of Recommendations: 12
Mad King Donald, the King of Debt has put U.S. Debt on pace to set a record high, going all the way back to 1790.
And that's without his Big Beautiful Bill. If Republicans pass their tax and spending megabill, the record will arrive even sooner — putting America’s debt at more than 113 percent of the size of its entire economy.
The United States hit its record debt level at the end of 1945, after a world war and the Great Depression.
That record, in which the debt was briefly larger than the size of the entire economy, is almost certain to be broken in the next several years. Estimates from the Congressional Budget Office published in January showed that the country was on track to overtake it in 2032 — and that was before the Republicans’ large tax and spending bill was taken into account.
Under the G.O.P. megabill being considered in the House, budget experts now say, the U.S. debt would blow past the record even sooner and climb significantly higher in coming decades.So the next time the republicans claim to be fiscal conservatives on the side of working Americans, out to cut the debt, tell them the truth: they're full of shit, they've always been full of shit, and they always will be full of shit. They only care about making the rich richer and the poor poorer.
nytimes.com - Record debt republicans bill 