New York Times: U.S. National Debt Hits $40 Trillion Dollars

August 20, 2026 Hunter Wallace 2026 Midterms, Conservatism, Economy, MAGA, Politics, Populists 17

Golden Age moment.

The U.S. national debt will be over $50 trillion when Trump leaves office.

New York Times:

“America’s gross national debt topped $40 trillion for the first time on Wednesday, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programs and President Trump’s tax cuts.

This year alone, the United States is on track to borrow more than $2 trillion to help pay for its obligations, including spending on the war in Iran and the sweeping tax cuts that Republicans enacted in 2025. Soaring interest payments to investors who have purchased America’s debt now make up about half of that red ink, pushing the United States into a deeper financial hole. …”

MAGA’s solution to this problem was to purge Thomas Massie and replace him with Ed Gallrein who ran on drafting young men to fight Iran for Israel. Among other things, Massie was known in Congress for his eccentric debt clock pin which he wore to draw attention to our dire financial future.

17 Comments

  1. US Debt is $41T while US GDP in 2025 was $32T. People like to get into a big tizzy about the debt but it’s just not a big deal. It’s like making $200K a year and having a $300K balance on a mortgage.

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  2. That is what happens when you do two major tax cuts without cutting spending, which is politically driven by entitled Baby Boomers. Then you have Trump’s multifaceted war on the economy and resulting dedollarization dragging down GDP even further. Then you had the fiscal and monetary bonanza of COVID, again driven by elderly, sickly Boomers greedily clinging to their life and ill gotten wealth. People think it was wokies only. No, the lockdowns were the result of an elderly, risk averse, lopsided society: Boomers.

    2016 was a disaster. Trump and the Republican party have done every conceivable thing possible to destroy the currency.

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  3. I used to think Ross Perot was a political failure. After all, Clinton implemented the opposite of Perot’s preferred policy on almost every issue.

    ALMOST every issue. But on one issue, the issue Perot cared about the most, Clinton did exactly what Perot wanted: he paid down the debt.

    Maybe that was the plan all along – Perot kneecaps the Republicans, and in return Clinton pays down the debt (lower military spending, keep taxes high for the rich, and even cut some welfare spending).

    Even so, the unsustainable high capital gains tax revenue from the dotcom bubble gave Clinton more fiscal success than he really deserved.

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  4. Even the dumb are now leaping off the Trump train in droves, only the dumbest remain.
    At this rate the Trump train’s poised to crash harder than Jimmy Carter.
    And me?
    I’ve never been invested in the duopoly/uniparty so I don’t give a damn, I knew this would happen.

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  5. “”…Trump once warned of the dangers of reaching a debt level of $24 trillion.
    “That’s the point of no return. That’s when we become a country that’s unsalvageable.”…”””

    What if this is plan all along ? Let’s add Abrahams Accords what pushed Jew into self destructive war and now Iran war what will destroy last US military might and Global Empire with it and the rest of The Donald action what turned entire planet Earth against Jew and Israel.

    This doesn’t look like stupidity but more like pre planned Jew destruction. Without FED BIS and ECB and international financial system, Jews are just one ugly and nasty group similar to gypsies. When you want destroy Jew, take away their power sources. Big Lie and Big Money.

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  6. This debt is due to one thing, and one thing only: Federal government spending. The solution is simple: cut the Federal government down to size (by a good 90%, in other words). If anyone on here knows any Federal employees or contractors (including military), you will be aware of just how much waste, fraud, and corruption goes on. So to reduce the national debt, we need to reduce the national government. Foreigners are already heading for the exits when it comes to Treasuries, as they can see nobody in Washington is really serious about it.

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  7. The claims that Clinton brought the deficit to zero in 1998 or that there was a budget surplus allowing for the elimination of the debt by 2013 had Clinton’s methods been followed are not true. For the deficit to be zero, the debt would have had to remain the same from one year to the next (i.e. no new borrowing). For there to be a surplus, the debt would have had to decrease from one year to the next, assuming the surplus was used to pay down the debt.

    The US Treasury has a webpage with historical data for the “Debt to the Penny”. What decreased across the years 1997 to 2000 was the debt held by the public. However, the intragovernmental debt increased all those years by more than the publicly held debt decreased. The total debt, therefore, increased each of those years. The last time the national debt actually went down that I am able to ascertain based on TaxProject.org data is going from 1956 to 1957.

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  8. “In 1998, Bill Clinton ended 30 years of deficits, bringing the federal budget to zero deficit.”

    BS BS BS !

    HE did it by looting the Social Security Disability Trust Fund and swapping in Treasury promissory notes.

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  9. “Bessent signals more Treasury buybacks ahead
    Treasury Secretary Scott Bessent says purchases could exceed the $4 billion announced this week as long-term yields climb.”

    They are spooked ! Treasury buying its own paper. That’d be like you writing checks to yourself to show a big income.

    This is a tacit admission that there isn’t enough demand for Treasury bonds and they’re scared witless that interest rates will soar or worse, no one wants them.

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  10. The massie video is very apt.
    Too bad the American electorate is too stupid to understand or care.

    Not until the runaway train starts careening through curves will they understand, when it’s too late .

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  11. Walmart stock drops 9% as sales growth slows, customers make ‘trade-offs’ amid high fuel costs.
    (It’s more than just fuel. It’s everything , food to insurance to utilities)

    Advance Auto Parts stock drops 24% as ‘constrained’ customer spending weighs on sales growth.

    The non-rich are starting to hurt.
    The next will be big jumps in unemployment.

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  12. “The U.S. national debt will be over $50 trillion when Trump leaves office.”

    That’s pushing it .
    Maybe 46.
    If it’s in the 50s, we’ll be in a real crisis.

    As I’ve posted many times, it will be natural forces of economics, supply & demand, that will ultimately correct this idiocy and correct things with a terrifying vengeance.

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  14. “Evergrande tycoon at the heart of China’s property crisis sentenced to life in prison”

    Contrast with America:

    Michael milken, wrecks America’s saving and loan industry, costs Americans 100s of billion dollars, walks away with 2000+ million and does 2 years in club fed.

    Hey, I’ll do 2 years of tennis, gourmet meals, in-call hookers for a 2000 million payout.

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  15. Bitcoin, crypto currency, was created by our government on the expectation of a currency collapse. Trust the plan. BAHA

    Reply

  16. Bill Clinton gutted America. He gutted the American economy and his crime network systematically covered it up nationwide, because hey, the Democrat Racketteera are a national system, Trump’s self serving group is just a family. Clinton’s economy was based on the biggest fraud ever committed in US history. It also destroyed America’s military supremacy setting it back nearly 10 years thereby allowing a host of enemies to catch up. Immigration swamped America’s coastal areas permanently ending their white and Republicans leaning majorities. There was nothing good about it except the fact the Soviet Union had been taken off the board and its troublemaking ways weren’t afflicting us so much. Instead other things festered in the dark and came down on us like a lightning bolt just a few months after he left office. But you of course ignore this and just want to feed us TDS Propaganda from the Democrat Party telling us how great the Clinton years were. What a bunch of crock.

    For example, it consisted of fraudulent corporate balance sheets on down to fraudulent ratings agencies to fraudulent management and account consulting companies. All to disguise the actual loss of income whilst creating the global financial arbitrage system to sheep dip it permanently into Wall Street. This was exposed destroying two ratings agencies and two accounting management consulting companies that had been around for hundred years. I literally got a front row seat in it to watch vast sums of money being sent direct from the US to Chicoms and Mexicans and see the last American merchant vessels loaded up with US industrial machinery and refineries for one way voyages to the Far East. I watched feds even throw their arms up in exasperation as the systemic fraud became too big to handle.

    This was the era when Guiliani pivoted from Mafia Racketeering investigations to Corporate Racketeerkng before being stopped directly by the Clinton Administration. The FBI almost nailed the biggest Agricultural conglomerate titans in the country for creating fraudulent trading systems only for the investigation to be stopped by the Clintons. You now live with that fraudulent Agriculture system and complain it’s Trump that is causing your beef from Argentina to explode in price while the fields outside your town are empty of cattle.

    Under Clinton, the US industrial machine was crippled and mostly shipped to China making America’s greatest existential enemy in its history since the Powatan Confederacy in Jamestown. Likewise, Clinton started the fraud of counting illegals turned back at the border as deportations even while Tyson Chicken bought out the last of the chicken farms in the South fired their white and black workers and brought in illegals whose children now routinely smash up your car. Illegal aliens surged to record numbers swamping states like California while states in Alabama still used Black labor for a few more years before they were let go and moved to your nearby city turning it from majority White to majority Black.

    Finally, the US military industrial complex was gutted. Millions of Americans lost their jobs and saw their neighborhoods on California and the southwest become ghettos was plastic surgeons built missions in the Hollywood Hills, and Sand N@ggers armed themselves to the teeth blowing away American subalterns, proxies and allows across the third world. Meanwhile, NATO bombed the shit out of Serbians fighting Sand N@ggers in Bosnia and NATO Specops looked for massed graves of Bosnian bodies whilst ignoring Creation and Serbian mass graves. They also searched for Bosnian little children while American and European little children were disappearing on record numbers as they were systematically raped by Cartels and Moslem rape gangs, while the more beautiful disappeared within a complex sex trafficking industry that had one of Bill Clinton’s best buddies running it, Jeff Epstein.

    Financial shenanigans and trade arbitrage using debt, allowed vast amounts of money to create tech bubbles, gird the housing market, and gentrify undervalued prime real estate damaged by generations of Black occupation further disguised the reality. It was just gussying up an old whore, because it was cheap and all based on financialization. The entire era was based on bullshit and here you are just sucking in the b.s. with Democrat bovine excrement dripping from you mouth tell us how Herpes infected Bill Clinton was the last hero just so you can own DJT. We are entirely in this mess because of things that dirty son of biatch did to us, including gutting our military complex so we can barely fight a ton pot dictatorship of Sand N@gggers unless we mass mobilize the country. But to own DJT and broom sweep him out by calling for the second coming of Herpes Infected Bill, your willing to spread this propoganda. Ick.

    Reply

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