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News & Current Events Mar 27, 2026 at 5:10 PM

"There is no silver lining in this trajectory": Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion national debt

Posted by fortune


‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion national debt | Fortune
Fortune
‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion national debt | Fortune
“It took decades to get us into this hole, and it will take a concerted effort to get out of it.”

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Reviews-From-Me Mar 27, 2026 +16
Clinton took a budget deficit and left office with a $200 Billion budget surplus. Bush campaigned against the surplus and during his administration, he immediately took us back into a deficit and left office with a record $1.2 Trillion deficit. Obama cut the deficit by more than half, leaving office with a $0.5 Trillion deficit. Trump increased the deficit every year, leaving office with a record shattering $3.5 Trillion deficit. Biden improved it, but not be enough, and now we are back into increasing Deficits.
16
ddark4 Mar 27, 2026 +3
“Something something corruption and government waste. Something something tax-and-spend Democrats. Something something fiscal conservatives.” - All it’ll take to continue convincing the stupidest in this country to vote for their pockets to be empty while the rich get trillions more in tax breaks.  (Add in “trans!” and “immigrants!” and the bigots will come running again, too.)
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TicketAmbitious6200 Mar 27, 2026 +2
Got to spend (taxpayer's money) to make money (under the table)! As far as trump is concerned, everything belongs to him and he can use anything in any way to enrich himself.
2
TheSwampTramp Mar 27, 2026 +11
Trumps signing his name on the dollar to remind you this is his fault.
11
ScipioAtTheGate Mar 27, 2026 +2
[We need Volcker to come back and shock the inflation out of the economy!](https://www.youtube.com/watch?v=FWcB9-SAYE0)
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awildstoryteller Mar 27, 2026 +1
That is probably- almost certainly - not possible to replicate now.
1
sugarlessdeathbear Mar 27, 2026 +5
GOP operates like there's someone that can bail out the government.
5
JeffSteinMusic Mar 27, 2026 +3
The seriousness that America’s free-willed adult society largely voted for / couldn’t be bothered to vote to prevent.
3
Chemical-Fault-7331 Mar 27, 2026 +2
And we deserve the fallout. The Americans who are about to retire/ already retired, seeing inflation wipe away the value of your retirement so you can own those libs, so you can punch down on immigrants because you’re racist, you deserve it all.
2
giroml Mar 27, 2026 +3
Trump has personally added more to the national debt than any president in history by far. gj MAGA. You voted for this.
3
Dizzy-Dean72 Mar 27, 2026 +2
But there is plenty of lobster if you want some!
2
Ok_Shoe_1094 Mar 27, 2026 +1
republicans are the problem. They always over spend and then the DEMS have to clean up the mess
1
root_fifth_octave Mar 27, 2026 +1
I’m sure more tax cuts for corporations and billionaires can fix it.
1
A_Lion_Thief44 Mar 27, 2026 +1
I'd be careful about the framing in these types of arguments or conversations if for no other reason than in the past it leads to dangerous, anti-working class, neoliberal arguments that result in gutting whatever pathetic welfare state we even had/ever had. Unless these conversations are centered, at a minimum, around massively cutting the "defense" budget, cutting the budget on our police state, and *significantly* raising taxes on the rich and corporations then all we're doing is waiting for more machete-wielding at things like social security, medicaid, medicare, etc.
1
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