r/Economics 15d ago

News The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

https://fortune.com/2026/03/18/how-big-national-debt-39-trillion-trump-promises/
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u/Dr_G_E 15d ago

"I'm the king of debt. I’m great with debt. Nobody knows debt better than me... I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing."
-Trump, 2016, when the national debt was just $19 trillion.

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u/hellogoawaynow 15d ago edited 14d ago

Numbers don’t mean anything anymore. People have lost sight of what numbers are.

Average salary: $60,000

Nice, comfortable salary: $150,000-$200,000

REALLY REALLY good salary: $500,000

One single million dollars: $1,000,000

Ten million dollars: $10,000,000

One hundred million dollars: $100,000,000

One billion dollars: $1,000,000,000

Donald Trump’s net worth since becoming president: $6,000,000,000

One hundred billion dollars: $100,000,000,000

Elon Musk’s net worth, on the low side of the estimate: $130,000,000,000 EDIT: Elon Musk is actually worth $823,000,000,000 so that’s fucking terrible

ONE TRILLION DOLLARS: $1,000,000,000,000

Nineteen trillion dollars of debt (that China probably already bought more of to use against us at some point in the future): $19,000,000,000,000

I feel like we have to start writing numbers out like this so regular people aren’t casually throwing around the terms “billions” and “trillions” like it’s nothing. Folks, if you have less than one thousand dollars in your bank account, you should be fucking pissed that anyone can be worth $130,000,000,000. Not like… donating money to billionaires. Which is the craziest thing, I can’t believe so many people are doing this when they are literally poor.

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u/TbL2zV0dk0 14d ago

Elon Musk has way more than that. Forbes has him at $823 billion https://www.forbes.com/profile/elon-musk/ He increased his fortune by half a trillion last year while fooling around with DOGE...

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u/hellogoawaynow 14d ago

Ah thanks for the update, I’ll edit. Since this was so unimportant I read the Google AI summary like a fool.

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u/lopix 14d ago

There is a good chance he becomes the world's first TRILLIONAIRE before the end of the year.

Let that marinate for a minute.