[…] United States. “The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs. The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has ballooned because government spending is outstripping revenue, forcing the U.S. to borrow more money to cover the shortfall.” […] The U.S. gross national #debt crossed the $40 trillion milestone in August 2026 due to an accelerating deficit spiral driven by President Donald Trump’s legislative tax cuts, massive emergency pandemic borrowing, mandated entitlement spending, court-ordered tariff refunds, and an expensive war involving the U.S., Israel, and Iran. While America’s soaring debt accumulated under multiple administrations—nearly doubling from roughly $20 trillion when Trump first entered office in 2017—the final push past the $40 trillion threshold stems directly from a confluence of domestic tax policy and ballooning military expenditure in the Middle East […] 2026 #UnitedStates–#Israel #war against #Iran […] The 2026 Iran war began on February 28, 2026. We have now entered the sixth month of the war waged by the United States and Israel against Iran. The situation in the #MiddleEast is going from bad to worse. As of today, Thursday, August 20, 2026, the conflict has lasted 5 months and 23 days (which also breaks down to 24 weeks and 5 days. Total Days: 173 days) […] The U.S. #economy is currently in a state of chaos in absolutely every respect, and things are set to get worse: #inflation, #tariffs, food prices, #healthcare, etc. As the American people grow poorer, the Trump family grows richer […] The combined net worth of the Trump family is estimated at roughly $10 billion+. This core wealth is heavily anchored by Donald Trump’s multi-billion-dollar real estate, media, and cryptocurrency holdings, alongside substantial independent fortunes accumulated by his children and son-in-law through business, private equity, and digital ventures. Individual net worth breakdown: 1. Donald #Trump: $7.3 billion+, 2. Donald #TrumpJr. (#DonJr.): $500 million, 3. #Eric Trump: $750 million, 4. #Ivanka Trump: $100 million, 5. #Tiffany Trump: $10 million, 6. #Barron Trump: $150 million, 7. #Melania Trump: $50 million, 8. Jared #Kushner: $1 billion+ […] The rise of the U.S. national debt past $40 trillion signals a possible and increasingly precarious fiscal #crisis (#FiscalCrisis). The consensus among major institutions like the Congressional Budget Office (CBO) and the Bipartisan Policy Center (BPC) is that the current fiscal trajectory is completely unsustainable […] A fiscal crisis in the U.S. occurs when federal debt grows so large that the government can no longer borrow money easily or pay its bills without extreme economic damage. Reaching the $40 trillion national debt milestone fuels this risk by driving up interest costs and straining the federal budget. What is a Fiscal Crisis? Loss of market trust: Investors stop buying U.S. government bonds because they doubt the country can pay them back. Spiking interest rates: Yields on government debt shoot up, forcing the whole economy to pay higher rates for mortgages, cars, and business loans. Forced spending cuts: The government must make sudden, painful cuts to vital public services or social programs. Inflation risk: The government might try to print money to cover debts, which causes prices for everyday goods to rise quickly. The Connection to the $40 Trillion DebtCrushing interest costs: Paying interest on a $40 trillion debt costs over $1 trillion a year. Interest payments have grown larger than spending on national defense or Medicare. The snowball effect: Borrowing more money just to pay off the interest on past debt creates a dangerous cycle that moves faster over time. Structural imbalance: Spending on mandatory programs like Social Security and health care outpaces the tax revenue coming in, widening annual deficits by over $2 trillion a year. Shrinking safety margins: With debt passing 100% of the gross domestic product (GDP), the U.S. has less financial flexibility to handle unexpected emergencies like wars or pandemics […] The American people are ultimately responsible for paying the U.S. national debt, which recently crossed the historic $40 trillion mark. Based on current U.S. population estimates, this total debt equates to approximately $116,480 to $119,000 for every individual living in the United States, or nearly $300,000 to $359,000 per household/taxpayer. The current population of the United States is 343,807,108 […] A reminder: Donald Trump did state that he would “get rid” of the national debt “fairly quickly.” He made this claim during an interview on March 31, 2016, with Bob Woodward and Robert Costa of The Washington Post. At the time, the U.S. national debt stood at approximately $19 trillion […] The three foreign countries that hold the largest share of United States Treasury debt are #Japan (roughly $1.15 trillion), the #UnitedKingdom #UK (roughly $850–900 billion), and #China (roughly $700–730 billion), according to data from the US Department of the Treasury […] The United States under the administration of Donald Trump: State #Terrorism, Domestic Terrorism, Homegrown Terrorism, Internal Terrorism, National Terrorism, International Terrorism, Economic Terrorism, Financial Terrorism, Cultural Terrorism, Sports Terrorism: https://ruanofaxas.com/2026/01/14/the-united-states-under-the-administration-of-donald-trump-state-terrorism-domestic-terrorism-homegrown-terrorism-internal-terrorism-national-terrorism-international-terrorism-economic-terroris/ , https://ruanofaxas.com/search/Trump […] Considering the recent history of major wars waged by the United States, and also considering the current situation in the Middle East, it is more than evident that the United States will lose this war in the short term […] And finally, what has happened with the Jeffrey #Epstein #sex scandal? […] And finally, what’s happening with #DHS and #ICE? […] #GOP #MAGA #Corruption #Terrorism #Election #Elections #Midterm #Midterms […]
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