America owes $40 trillion. How much longer can Washington keep borrowing before the bill becomes a crisis?
Let's look at the national debt in household terms, examine the growing cost of interest, and compare the records of Republican and Democratic presidents. Trump promised fiscal responsibility, but let's see what he actually delivered—and why Democrats don’t get a free pass either.
This reaches beyond Washington: your mortgage, your retirement, and your children’s future are part of the bill. Are you okay with this?
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SOURCES
U.S. Department of the Treasury: https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
U.S. Department of the Treasury: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v2/accounting/od/debt_to_penny
NPR: https://www.npr.org/2026/08/20/nx-s1-5939473/40-trillion-federal-debt
Reuters: https://www.reuters.com/world/us-debt-crosses-40-trillion-threshold-after-doubling-under-trump-biden-2026-08-19/
Wall Street Journal: https://www.wsj.com/economy/u-s-debt-just-topped-40-trillion-how-we-got-here-c1c6c9d2
The Hill: https://thehill.com/homenews/senate/6050623-trump-debt-limit-bond-market-republicans/
Congressional Budget Office: https://www.cbo.gov/publication/61307
Peter G. Peterson Foundation: https://www.pgpf.org/article/budget-explainer-national-defense/
usgovernmentspending.com: https://usgovernmentspending.com/debt_deficit_brief.php
usgovernmentspending.com: https://www.usgovernmentspending.com/federal_deficit_percent_gdp
Bipartisan Policy Center: https://bipartisanpolicy.org/article/visualizing-cbos-budget-and-economic-outlook-2025/
24/7 Wall St.: https://247wallst.com/investing/2026/06/16/the-u-s-has-8-trillion-in-debt-maturing-in-12-months-thats-a-bonkers-record-high/
TIME: https://time.com/5912938/trump-afghanistan-iraq-troop-reduction/
RFE/RL: https://www.rferl.org/a/in-reelection-bid-trump-pushes-afghan-troop-withdrawal-to-meet-campaign-promise/30850183.html
NPR: https://www.npr.org/2025/06/21/nx-s1-5441127/iran-us-strike-nuclear-trump
American Society of International Law: https://asil.org/ilib/us-bombs-three-iranian-nuclear-sites-fordow-natanz-and-isfahan/
PBS News: https://www.pbs.org/newshour/politics/fact-checking-statements-made-by-trump-to-justify-u-s-strikes-on-iran
Britannica: https://www.britannica.com/event/2026-Iran-war
NBC News: https://www.nbcnews.com/world/iran/iran-supreme-leader-mojtaba-khamenei-rcna261645
Al Jazeera: https://www.aljazeera.com/features/2026/3/8/who-is-mojtaba-khamenei-a-contender-for-irans-leadership-amid-war
Al Jazeera: https://www.aljazeera.com/news/liveblog/2026/8/26/iran-war-live-iran-says-hormuz-remains-closed-despite-oman-rout-deal
The Washington Post: https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-first-presidential-debate/fact-check-has-trump-declared-bankruptcy-four-or-six-times/
PolitiFact: https://www.politifact.com/factchecks/2016/jun/21/hillary-clinton/yep-donald-trumps-companies-have-declared-bankrupt/
ABC News: https://abcnews.com/Business/trump-linked-crypto-venture-world-liberty-trust-granted/story?id=135668756
CNN Business: https://www.cnn.com/2026/08/17/investing/trump-crypto-bank-world-liberty
Fortune: https://fortune.com/2026/02/02/world-liberty-financial-spy-sheikh-500-million-trump-family-conflicts-of-interest/
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"The Clerisy" with Loren Moss comes out of a simple proposition: If we encourage thinking, we will have a more thoughtful society. Peter Bernstein was right when he said "The riskiest moment is when you think you're right," and thus we hope to introduce heterodox thinking to the debate that typically peddles a defective and false "left vs. right" dichotomy. This endeavor comes out of a sense of urgent responsibility: "If those who know why and how neglect to act, those who do not know will act, and the world will continue to flounder."- Alfred Korzybski, 1921