US hits $38T in debt. Fastest accumulation of $1T outside pandemic

Re:US hits $38T in debt. Fastest accumulation of $1T outside... by piva00 on Thursday October 23, 2025 @12:47PM (#45684044)

Are there any things you are leaving out in 2008 and 2020-2021 in this analysis though? One self-inflicted from deregulating the finance industry, another a black swan event.

Running wars is a choice, a pandemic hitting not so much.

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Re:US hits $38T in debt. Fastest accumulation of $1T outside... by MagnumOpus on Thursday October 23, 2025 @01:50PM (#45684718)

COVID was a black swan, the completely irresponsible and unnecessary redistribution from taxpayers to company owners that was the PPP was a choice. (One that most other governments worldwide didn’t make.)

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Re:US hits $38T in debt. Fastest accumulation of $1T outside... by piva00 on Thursday October 23, 2025 @05:30PM (#45687482)

Ah, yes, for PPP you're absolutely correct, also:

> The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020

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