• OfCourseNot@fedia.io
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    25 days ago

    First, obligatory disclaimer: I’m as anti-Trump as the next one, fuck that fascist turd. That being said let’s give them numbers a bit of context:

    • That figure is for all the time that Trump’s been in office, and in absolute terms is around $9.135T (as of May 2026, so a bit more now).

    • Some numbers for other presidents: Joe Biden $9.209T (+32%), Barack Obama $8.438T (+70.9%), George W Bush $4.218T (+72.6%), Bill Clinton $1.263T (+28.6%). Source.

    • At the current interest rate Americans are gonna pay $1T just in interests in 2026. That averages ~$250 per person, or ~$625 per tax payer a month.

    • Interest payments are forecast to double in the next ~10 years.

    • TrickDacy@lemmy.world
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      25 days ago

      Thank you. This is good to know. It in no way means Trump isn’t absolute garbage and overall probably worse than any other president, but it does remind us of how fucking insane our government is about wasting the FUCK out of money on morally objectionable things.

    • skibidi@lemmy.world
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      25 days ago

      But this is a good thing, because the gov will borrow money with bonds to pay the higher interest, and rich people will buy those bonds to collect the yield. So we will really be doing our patriotic duty by funneling wealth ever upwards.

    • Frettchen@lemmy.world
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      15 days ago

      What this? Is this a cult? Do you have to put I hate Trump yada yada in front to fight misinformation? Btw fck trmp