Republicans attribute record US debt to socialist spending

Congressional Republicans blamed the US national debt reaching $40 trillion on socialist policies, while economists pointed to tax cuts and military spending.

Oleh Sama News Agency
30 Agustus 2026
A live US Debt Clock display showing the current national debt at $40,141,102,150,384 with each person's share calculated at $119,824.
The US Debt Clock displays the national debt in real-time using official U.S. Treasury data, updated August 18, 2026. The debt is increasing at approximately $181.40 per day. (Asia Times)
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Congressional Republicans blamed "unaffordable socialist policies" and out-of-control spending for the US national debt reaching $40 trillion, according to statements following the milestone.

Economists and policy analysts offered a different assessment, attributing the debt explosion primarily to Republican policy decisions. They cited massive tax cuts for the rich and wars of choice in the Middle East as key drivers.

Republicans attribute record US debt to socialist spending | Sama News Agency