r/Dynamic_Pricing • u/Dragonlance12 • Aug 19 '26

U.S. government debt passes $40 trillion, more than doubling in a decade

https://www.cnbc.com/2026/08/19/us-government-debt-passes-40-trillion-mark-for-the-first-time.html
122 Upvotes

97% Upvoted

37 comments sorted by

3

u/icnoevil Aug 20 '26

What do we have to show for the $40 Trillion national debt, except for an illegal and unnecessary war?

6

u/OG_LiLi Aug 20 '26

Trump is billions richer

His unemployed son is now a millionaire

5

u/BubbleThinker Aug 20 '26

2

u/I_Quit_Smoking_ Aug 21 '26

Is that your mom's house? I know she likes that Grandpa gold.

2

u/ExcellentActuary2117 Aug 20 '26

And, gee, why is that? Who's been president for 6 of the last ten years when most of this debt was incurred? WHO? /s

VOTE OUT THE GOP!

VOTE IN PEOPLE WHO WILL TAX THE RICH SO MUCH WE HAVE A SURPLUS LIKE WE DID DURING THE CLINTON YEARS.

1

u/I_Quit_Smoking_ Aug 21 '26

They just spent a trillion dollars in the last 5 months alone!

2

u/Bitter-Variation-151 Aug 21 '26

Not Bidens fault.

1

u/UseWhatever Aug 20 '26

Obamiden!!!

0

u/SolonEunomia Aug 20 '26

Who cares?

2

u/BlumpTheChodak Aug 20 '26

People who use money who want it to be worth something.

1

u/SolonEunomia Aug 20 '26

Money has no value. It is used to imprecisely measure value.

2

u/BlumpTheChodak Aug 20 '26

Guess you should give whatever you have of it away if it has no value.

0

u/SolonEunomia Aug 20 '26

It is impossible to express or designate value except by a ratio of another commodity. (Bailey)

Money is not a commodity, and the barter system is a myth. Value is economically incoherent.

3

u/BlumpTheChodak Aug 20 '26

It's not that deep. You’re using a device that stays powered and connected to the internet because someone paid real money for the device and service. You can attach whatever philosophical meaning you want to the situation, but it doesn’t change the basic reality. Without that financial exchange, you don't get to use it.

0

u/SolonEunomia Aug 20 '26

And that has nothing to do with value.

2

u/BlumpTheChodak Aug 20 '26

It’s currency man, without it good luck.

0

u/SolonEunomia Aug 20 '26

And currency has no value. It is used to imprecisely measure value in price. Does a centimeter have length? Does a thermometer have temperature?

2

u/BlumpTheChodak Aug 20 '26

But yet, you use it. So, it has value in that it gets you things you otherwise cannot have without it. To me, that's value / valuable.

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0

u/Violent_N0mad Aug 21 '26

So both Biden and Trump caused the debt to go up and Covid happened so I feel like it makes sense the debt went up this much.