The debt has ballooned because massive tax cuts have been given to the already ultra-wealthy.
In the most recent bill, the rules for writing off private jets changed such that you can take the entire write-off in one year instead of over the life of the plane. This alone is set to cost hundreds of billions of dollars [1].
Of the ~433T in debt over the entire life of the US, ~$8T of that came from Trump's first term [2].
Some people physically break their bodies and risk their lives doing necessary but relatively low-paid work. But telling baggage handlers, construction workers, agricultural workers, firemen, commeercial fishermen and agricultural workers that they need to work to 70 instead of 65 so the debt doesn't balloon while allowing Jeff Bezos a much bigger tax break in buying his 3rd private jet is utterly bananas.
In the most recent bill, the rules for writing off private jets changed such that you can take the entire write-off in one year instead of over the life of the plane. This alone is set to cost hundreds of billions of dollars [1].
Of the ~433T in debt over the entire life of the US, ~$8T of that came from Trump's first term [2].
Some people physically break their bodies and risk their lives doing necessary but relatively low-paid work. But telling baggage handlers, construction workers, agricultural workers, firemen, commeercial fishermen and agricultural workers that they need to work to 70 instead of 65 so the debt doesn't balloon while allowing Jeff Bezos a much bigger tax break in buying his 3rd private jet is utterly bananas.
[1]: https://inequality.org/article/the-big-beautiful-bill-would-...
[2]: https://www.crfb.org/blogs/how-much-did-president-trump-add-...