12 votes

Weekly US politics news and updates thread - week of August 17

Automatically posted
Tags: politics.usa, usa, recurring.weekly

This thread is posted weekly - please try to post all relevant US political content in here, such as news, updates, opinion articles, etc. Extremely significant events may warrant a separate topic, but almost all should be posted in here.

This is an inherently political thread; please try to avoid antagonistic arguments and bickering matches. Comment threads that devolve into unproductive arguments may be removed so that the overall topic is able to continue.

4 comments

  1. [3]
    KapteinB
    Link
    US national debt passes $40tn after doubling in a decade (BBC)

    US national debt passes $40tn after doubling in a decade (BBC)

    US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.

    The rise reflects years of heavy spending under both the Trump and Biden administrations, along with higher interest payments that have steadily added to the total. In 2016, the national debt stood at just under $20tn.

    7 votes
    1. [2]
      FrankGrimes
      Link Parent
      Paul Krugman has an article hitting on this: https://paulkrugman.substack.com/p/the-case-against-bond-market-panic. Essentially, it's not ideal, but it's probably not terrible, and let's expect...

      Paul Krugman has an article hitting on this: https://paulkrugman.substack.com/p/the-case-against-bond-market-panic. Essentially, it's not ideal, but it's probably not terrible, and let's expect Republican's to ignore it until 2028 when all the sudden it will be a huge problem and we need to cut government services to help pay for it.

      3 votes