Utopia Talk - Politics - US national debt hits $39 trillion

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The current time is Fri May 29 22:26:50 UTC 2026

Utopia Talk / Politics / US national debt hits $39 trillion

Rugian
rank Tue May 26 13:26:17
I'm so glad that Republicans decided to give tax breaks to boomer retirees and are now considering Trump's proposed 44% increase to military spending.

We're so fucked as a country.

Average Ameriacn
rank Tue May 26 15:32:05
The tariffs will solve all our financial problems. No more debt and no more taxes. Truts our President!

jergul
rank Tue May 26 18:31:18
I do not doubt, but that is either old news or preemptive news. The release dates are march and june for that kind of data.

Rugian
rank Tue May 26 22:01:00
Jergul

You realize the debt balance is updated daily, right?

It actually briefly hit $39 trillion right before Tax Day, at which point it dropped back below that number. It returned to $39 on May 18.

jergul
rank Wed May 27 12:17:14
My bad. I read national debt to mean public debt (excluding intragovernmental stuff of course). The fed publishes those figures quarterly. It includes local and state debt to give a number compatible with how public debt is calculated internationally.

murder
rank Wed May 27 15:30:51

Someone keeps a real time running estimate.

https://www.usdebtclock.org/

Hrothgar
rank Thu May 28 05:31:47
A return to the tax rates of 2000 would do wonders, if only our leaders were in any way competent.

jergul
rank Thu May 28 09:36:47
At this point probably 1950s for wonders, but valid point.

murder
rank Thu May 28 21:19:09

We don't need to raise the tax rates. We need to eliminate deductions and loopholes. We could actually lower the rates and raise revenue if we quit letting people dodge paying taxes.

-

Paramount
rank Thu May 28 22:00:56
You don’t to eliminate deductions and loopholes. Your country needs a hard reset.

jergul
rank Fri May 29 08:14:49
Murder
Getting into complicated tax reform is running the errand of lobbyists. The only people that will make money off it.

Besides, Hrothgar and I are just speaking in principle. Raise tax revenue to 2000 levels or 1950 levels, depending on who you were listening to.

murder
rank Fri May 29 15:01:58

Complicated? I want to simplify it.

25% flat rate for everyone.

Only deductions allowed are the poverty rate for a household of your size and state and local taxes up to 20% of your tax after deducting the poverty rate.

It doesn't get much simpler than that.

-

Habebe
rank Fri May 29 19:50:58
You could probably find a way to tax cash loans against assets as well.

Remove the SS tax cap.

jergul
rank Fri May 29 20:22:52
Just tax unrealized capital gains as income. Problem solved.

murder
rank Fri May 29 21:36:17

"You could probably find a way to tax cash loans against assets as well."

Yes, loans secured with unrealized gains get taxed as income.

-

show deleted posts

Rugian rank	Tue May 26 13:26:17 I'm so glad that Republicans decided to give tax breaks to boomer retirees and are now considering Trump's proposed 44% increase to military spending. We're so fucked as a country.
Average Ameriacn rank	Tue May 26 15:32:05 The tariffs will solve all our financial problems. No more debt and no more taxes. Truts our President!
jergul rank	Tue May 26 18:31:18 I do not doubt, but that is either old news or preemptive news. The release dates are march and june for that kind of data.
Rugian rank	Tue May 26 22:01:00 Jergul You realize the debt balance is updated daily, right? It actually briefly hit $39 trillion right before Tax Day, at which point it dropped back below that number. It returned to $39 on May 18.
jergul rank	Wed May 27 12:17:14 My bad. I read national debt to mean public debt (excluding intragovernmental stuff of course). The fed publishes those figures quarterly. It includes local and state debt to give a number compatible with how public debt is calculated internationally.
murder rank	Wed May 27 15:30:51 Someone keeps a real time running estimate. https://www.usdebtclock.org/
Hrothgar rank	Thu May 28 05:31:47 A return to the tax rates of 2000 would do wonders, if only our leaders were in any way competent.
jergul rank	Thu May 28 09:36:47 At this point probably 1950s for wonders, but valid point.
murder rank	Thu May 28 21:19:09 We don't need to raise the tax rates. We need to eliminate deductions and loopholes. We could actually lower the rates and raise revenue if we quit letting people dodge paying taxes. -
Paramount rank	Thu May 28 22:00:56 You don’t to eliminate deductions and loopholes. Your country needs a hard reset.
jergul rank	Fri May 29 08:14:49 Murder Getting into complicated tax reform is running the errand of lobbyists. The only people that will make money off it. Besides, Hrothgar and I are just speaking in principle. Raise tax revenue to 2000 levels or 1950 levels, depending on who you were listening to.
murder rank	Fri May 29 15:01:58 Complicated? I want to simplify it. 25% flat rate for everyone. Only deductions allowed are the poverty rate for a household of your size and state and local taxes up to 20% of your tax after deducting the poverty rate. It doesn't get much simpler than that. -
Habebe rank	Fri May 29 19:50:58 You could probably find a way to tax cash loans against assets as well. Remove the SS tax cap.
jergul rank	Fri May 29 20:22:52 Just tax unrealized capital gains as income. Problem solved.
murder rank	Fri May 29 21:36:17 "You could probably find a way to tax cash loans against assets as well." Yes, loans secured with unrealized gains get taxed as income. -
	show deleted posts

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