$40 Trillion in US Debt and the Rich and Powerful Are Laughing

The U.S. national debt has officially surpassed $40 trillion, months earlier than forecasters had expected — because of billions of dollars in lost revenue from Trump’s invalidated tariffs, Trump’s tax cuts (mostly to big corporations and the very wealthy), and the soaring costs of Trump’s war. Trump’s hair-brained treasury secretary, Scott Bessent, says there’s nothing to worry about because the…