US National Debt Explodes by $384.7 Billion in One Week – Welcome to the Money Mountain!

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In a truly spectacular display of fiscal gymnastics, the US national debt has broken yet another record, just days after a gargantuan spending bill made its way through Congress. Isn’t it just the most charming trend to watch? 🎉

According to the Treasury’s Debt to the Penny database (yes, it’s really called that—sounds almost like a dystopian novel), the national debt surged by a mind-boggling $384.7 billion between July 3rd and 9th. For those keeping score, that brings the total debt to an *all-time high* of $36.6 trillion. 💸

But wait, there’s more! This monumental spike is largely due to the refilling of the Treasury General Account (TGA), because, you know, the government has to keep borrowing to cover missed payments and build up those oh-so-important cash reserves. No one likes running out of cash at the checkout counter, after all. 🛒

The spending bill, graciously signed by none other than President Trump, was a gift to the economy—*and* the debt ceiling. A generous $5 trillion raise—because why not? That’s the largest single increase in US history. Now the debt ceiling stands at a staggering $41.1 trillion. Default? Nope. 2027 is the magic year for that. 🗓️

As a little bonus, the legislation also extends those 2017 tax cuts forever, which will probably result in federal revenue plummeting by trillions in the next decade. But hey, let’s not focus on that. 📉

After all, the Congressional Budget Office (CBO) estimates the bill will add $2.8 trillion to the deficit over the next 10 years. But hold on—Treasury Secretary Scott Bessent is here to dispute that grim prediction, suggesting that tax cuts and deregulation will kickstart an economic boom. Forget deficits! Think growth, baby! 💥

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2025-07-11 23:32