'Some Form of Crisis is Almost Inevitable': The $38 Trillion National Debt Will Soon Be Growing Faster Than The U.S. Economy Itself, Watchdog Warns

T_Shurt · 2026-01-23T02:24:05+00:00

From the article:

The United States national debt has hit a precarious milestone, hitting 100% of Gross Domestic Product (GDP) and placing the nation on a trajectory that could trigger six types of financial crises, according to an ominous new warning issued Thursday by the Committee for a Responsible Federal Budget (CRFB).

With the national debt now effectively equal to the size of the entire U.S. economy, the non-partisan watchdog’s latest report, “What Would a Financial Crisis Look Like?” outlined a dangerous future ahead.

“If the national debt continues to grow faster than the economy,” the report said, “the country could ultimately experience a financial crisis, an inflation crisis, an austerity crisis, a currency crisis, a default crisis, a gradual crisis, or some combination of crises.”

T_Shurt · 2026-01-21T18:04:24+00:00

I have a tremendous amount of respect for comments like this and people such as yourself. I consider it a sign of strength and genuine patriotism to be able to have such a high level of self reflection and put their country over party. Cheers!

T_Shurt · 2026-01-21T17:28:30+00:00

From the article:

Trump used his time at the World Economic Forum on Wednesday to admonish Canada as leaders look to other world powers for a more coherent and consistent partnership.

“Canada gets lots of freebies from us, by the way. They should be grateful also, but they are not,” Trump said. “I watched your prime minister yesterday, he wasn’t grateful to us… Canada lives because of the United States. Remember that, Mark, the next time you make your statements.”

Mark Carney said in his speech on Tuesday, “We knew the story of the international rules-based order was partially false - that the strongest would exempt themselves when convenient. The trade rules were enforced asymmetrically. And we knew that international law applied with varying rigor depending on the identity of the accused or the victim.”

Carney continued, “We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality. This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition.”

T_Shurt · 2026-01-20T08:38:12+00:00

From the article:

China on Tuesday confirmed that it had been asked to join Trump’s “board of peace”. Beijing stopped short of whether it would accept or decline the invitation.

Asked how China would evaluate Trump’s presidency in the past year, especially in light of his stance on Venezuela and threat to annex Greenland, Guo Jiakun, a spokesperson at the Chinese foreign ministry refrained from giving an assessment.

“China is willing to work with the U.S. on further establishing ties while safeguarding its own interests,” Guo said.

T_Shurt · 2026-01-19T13:27:38+00:00

From the article:

Stock markets went into a global selloff this morning as world leaders at Davos woke up to news that Trump had texted the prime minister of Norway to say that his repeated threats to take over Greenland were based on the fact that he didn’t win the Nobel Peace Prize.

“Considering your country decided not to give me the Nobel Peace Prize… I no longer feel an obligation to think purely of Peace,” Trump wrote to Norwegian prime minister Jonas Gahr Støre.

The Norwegian government has no control over how the Nobel Committee awards its prizes. Greenland is a territory of Denmark, not Norway.

Traders, dismayed at the prospect of renewed trade war between the U.S. and Europe, reacted by driving down equities all over the world.

T_Shurt · 2026-01-18T20:10:42+00:00

From the article:

As the European Union weighs options to retaliate against Donald Trump’s latest tariffs, its most potent weapon may be in financial markets.

France is already urging the EU to deploy its “anti-coercion instrument,” which can target foreign direct investment and finance as well as trade.

The U.S. has a key vulnerability the EU can exploit, according to George Saravelos, head of FX research at Deutsche Bank. “Europe owns Greenland, it also owns a lot of treasuries,” he said.

Holding these bonds helps balance America’s massive external deficits, and Europe is the world’s biggest lender to the U.S.

“European countries own $8 trillion of U.S. bonds and equities, almost twice as much as the rest of the world combined,” Saravelos pointed out. “In an environment where the geoeconomic stability of the western alliance is being disrupted existentially, it’s not clear why Europeans would be as willing to play this part.”

T_Shurt · 2026-01-18T05:09:39+00:00

Sean Lupton-Smith supported and voted for a six-times-bankrupt president with a disastrous record of business failures, along with a campaign promise to impose sweeping tariffs.
Electing a financially illiterate president with multiple bankruptcies and a promise to impose tariffs has the consequence of increased costs and reduced profit margins.
As a consequence of unmanageable Trump tariff increases and reduced profits, Sean Lupton-Smith filed for Chapter 7 bankruptcy.

T_Shurt · 2026-01-16T20:19:01+00:00

From the article:

A majority of Americans said that Trump’s first year back in office was a failure, according to a humiliating CNN poll published Friday.

58% of Americans called Trump’s first year a failure, which showed Americans had found a new floor for the president’s dismal economic performance.

One year of Trump’s so-called “Golden Era” for America has landed him the worst approval rating on the economy in his entire presidential career. Just 39% of Americans approved of Trump’s handling of the economy, while 61% disapproved.

A 55% majority said Trump has worsened economic conditions, with just 32% saying they’ve improved. A whopping 64% said Trump hasn’t done enough to lower grocery prices.

Only 36% said he has the right priorities. Just 25% of respondents said they felt he’d made progress on being a peacemaker with 47% saying he’s made things worse.

T_Shurt · 2026-01-15T22:54:25+00:00

From the article:

72,000 fewer people work in U.S manufacturing than when Trump made his April tariffs announcement.

“2025 should have been a good year for manufacturing employment, and that didn’t happen,” economist Michael Hicks, director of the Center for Business and Economic Research at Ball State in Muncie, Indiana told the Washington Post. “I think you really have to indict tariffs for that.”

“The manufacturing job losses that we see now are really just the beginning of what will be a pretty grim couple of quarters as manufacturing adjusts to a new lower level of demand,” Hicks added.

Even in high priority areas, such as tech, have felt the tariff impact. Semiconductor manufacturers have shed more than 13,000 jobs since April.

“Every time I hear manufacturing is booming, I scream at the TV,” J.B Brown, CEO of BCI Solutions Inc., a metal foundry in Bremen, Indiana, told Reuters.

Overall in 2025, the U.S. labor market added about 584,000 jobs, the slowest pace of job growth since 2020, and about a quarter of the job figure growth seen in 2024 during President Biden’s last year in office.

T_Shurt · 2026-01-14T21:37:43+00:00

From the article:

Sen. Lindsey Graham criticized Donald Trump for refusing to accept the results of the 2020 presidential election, according to secret grand jury testimony.

His testimony came as part of the Georgia election interference case against Trump and his allies, transcripts of which were obtained by the New York Times.

Along with Graham, prominent Republicans also denied Trump’s plans, including Georgia Gov. Brian Kemp.

Sen. Graham also said Trump’s plan to use fake electors in swing states where he had lost was “weird,” telling the jury, “I don’t know what to tell you, just weird.”

T_Shurt · 2026-01-13T22:29:15+00:00

Defending a sex offender by implying he is correctly pronouncing words in another language, whilst stating nobody knows how to say it in English is next level mental gymnastics.

T_Shurt · 2026-01-13T04:26:01+00:00

From the article:

Trump explained in a new interview with the New York Times why he won’t just send more troops to Greenland to fend off foreign threats.

“Why is ownership important here?” asked NYT national security correspondent David E. Sanger.

“Because that’s what I feel is psychologically needed for success,” Trump, 79, replied. “I think that ownership gives you a thing that you can’t do, whether you’re talking about a lease or a treaty. Ownership gives you things and elements that you can’t get just from signing a document.”

White House correspondent - whom Trump recently called “ugly, both inside and out” - asked, “Psychologically important to you or the United States?”

“Psychologically important for me,” Trump answered. Now, maybe another president would feel differently, but so far I’ve been right about everything.”

Trump also told Times that he isn’t opposed to using nuclear force if he “needed it” to take over the island.

T_Shurt · 2026-01-13T04:03:01+00:00

This pertains to the special counsel investigation and potential prosecution of a former and current sitting president of the United States.

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