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Posted on 04/30/2026 8:27:49 AM PDT by thegagline
The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.
As of March 31, the country’s publicly held debt was $31.265 trillion, while GDP over the preceding year was $31.216 trillion, according to data released Thursday. That puts the ratio at 100.2%, compared with 99.5% when the last fiscal year ended Sept. 30. That figure will likely climb for the foreseeable future because the federal government is running historically large annual deficits of nearly 6% of GDP, which add to the debt.
The government is spending $1.33 for every dollar it collects in revenue, and the budget deficit this year is projected at $1.9 trillion. That is little changed from 2025 as Republicans’ tax cuts kick in before their spending cuts take effect. The final tally will depend on Iran war spending, tariff refunds and the strength of the economy.
***
The government also becomes more sensitive to interest rates as debt grows. One in seven dollars of federal spending now goes to interest. A 0.1 percentage-point interest-rate increase would cost $379 billion over 10 years, according to the Congressional Budget Office.
Without changes, the U.S. is headed toward debt ratios already reached in France, Italy, Greece and Japan, which have faced varying degrees of economic stress as a result.
*** During his 2016 campaign, Trump talked about eliminating the national debt while proposing policies that had the opposite effect, such as cutting taxes and pledging not to reduce Social Security and Medicare benefits. He has frequently said that his tariffs could help pay down debt, but they haven’t brought in nearly enough money to do that.***
(Excerpt) Read more at msn.com ...
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Debt clock has it at 39T.
I guess what’s over 31T is the imaginary part.
So, we’re over the limit?
nothing to worry about, we wont run out of money, they will print whatever we need...
But DOGE is bad, right?
If only Democrat Kamala Harris had won!!!
This would all have been fixed by now!!
🙄🙄🙄
It’s been setting up for the eventual
crash for a long, long, time.
Especially since the days of W.
[But DOGE is bad, right?]
Them Democrats say so...
The best reason why you should minimize your exposure to fiat currency.
Yes every number has a real (a) and imaginary part (bi)
Where i = the square root of -1
Number = a + bi
60% of that debt went to the worship and welfare of a certain demographic. 39% went to the worship and welfare of immigrants, legal and illegal.
“Debt clock has it at 39T.
I guess what’s over 31T is the imaginary part.”
31T is the publicly held debt. The rest is debt that’s internal to the government. For example, the Social Security trust fund is invested in U.S. government securities. It’s part of the 39T but not the 31T.
Democrats and RINOs right in there, up front and proud of the gathering Ponzi schemes and fraud and waste. But as long and they and their chums are making cash....
Time to "Degrow government." Well past time to "Degrow government."
🔝🔝🔝
(It is Congress which appropriates and requires spending by law and appropriates and requires spending by law and appropriates and requires spending by law.
Democrats and RINOs right in there, up front and proud of the gathering Ponzi schemes and fraud and waste. But as long and they and their chums are making cash....)
☝️☝️☝️
Government accounting is amazing isn’t it.
And it’s not like the trillions owed to SS don’t accrue interest.
If they had just left stuff the way it was created how much better off we would be?
4 ways to address the debt
1) Ignore it. Que sera sera.
3) Raise Taxes...which will depress the economy and be counterproductive
4) Reduce spending on things we can’t afford. It’s nice to provide a higher standard of living for the elderly, the poor, the xxxx. But we can’t afford it. It costs a lot of money to keep alive and comfortable a person with a tobacco habit, an alcohol habit, a drug habit, an STD. Don’t spend money on them. Let them die.
5) Cut WASTE FRAUD ABUSE. The Military spends a lot. How much is WFA? The HHS spends even more than the Military. How much of it is WFA?
I suggest a large part of HHS is WASTE FRAUD ABUSE.
Deloitte is the poster boy for FRAUD. Both the left (eg KFF News) and the right claim that they are against WASTE FRAUD ABUSE. So why are the Deloitte’s of the budget given contract after contract to spend billions of our dollars on WASTE FRAUD ABUSE?
Why is there so little outrage here on FR?
Why is there so little outrage in everyone who claims to be against the SWAMP?
Why is there so little outrage on the left who think that money should go to the poor and not to Deloitte upper class rich?
That’s correct.
The 31T are bonds that trade publicly and get rolled over or retired. The 8T are an internal accounting number.
exactly. the U.S. was converted into an assisted-living center. This is a video that sums it up:
https://youtu.be/5-Ur71ZnNVk?si=-a7GEnOfy-fP0s3q
You cannot grow the GDP enough to avoid needing to make huge federal budget cuts, and, yes, even involving “entitlements”. Medicare-Medicaid and debt interest are the fastest growing parts of federal expenditures.
Trump has offered the idea of “100 year treasury bonds”. It would move the end payment of debt off for a longer period but make ongoing annual deficit problem worse, as the interest rate on 100 year bonds - paid every year till maturity - would be much higher than the interest rate on current treasury bonds, and it is that interest rate demand that is already the fastest growing federal expenditure.
People don’t like to hear it but the federal government has to find a way to sell federal assets - like federal lands, with the proceeds dedicated to retiring existing debt to push the annual interest payment demand down. Yes, only American citizens and American domiciled companies should be allowed to buy auctioned federal lands.
Except for the fact we've been here before. Journalism.
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