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Posted on 10/30/2026 9:24:51 PM PDT by SeekAndFind
The national debt topped the entire gross domestic product (GDP) for fiscal 2026, according to new data from the Bureau of Economic Analysis (BEA).
From the fourth quarter of 2025 through the third quarter of this year, the country's economic output was more than $32.2 trillion, according to the BEA's non-seasonally adjusted statistics.
As of Sept. 30, the final day of the third quarter, debt held by the public was more than $32.4 trillion, per the Treasury Department. Debt held by the public is what the federal government owes to outside entities, including banks, state and local governments and foreign nations.
The total national debt, which combines debt by the public with debt the federal government owes to itself, was more than $40.5 trillion as of Wednesday.
The national debt crossed the $40 trillion threshold in August, up from roughly $5.7 trillion at the turn of the century and $36.2 trillion at the start of President Trump's second term.
The debt-to-GDP ratio for fiscal 2026 of less than 100.1 percent is lower than the nonpartisan Congressional Budget Office's (CBO) February projection of 101 percent.
But the CBO projects that the ratio will balloon to 120 percent in 2036, surpassing the record of 106 percent reached in 1946, just after World War II ended.
"Measured as a percentage of GDP, federal outlays exceed their 50-year average by a widening margin from 2026 to 2036 in CBO's projections," the CBO noted earlier this year. "Revenues rise just above their 50-year average in 2026 and remain slightly above that historical average throughout the 10-year period."
(Excerpt) Read more at finance.yahoo.com ...
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That’s just the debt they admit to.
It’s a lot higher than that.
We’d be paying it down by now if the courts had not blocked the tarrifs. Preident Trump says we are still collecting tarrifs but, I don’t know, not what it could/would have been.
Guess I’ll have ask super artificial intelligence, unless someone here knows whats going on with tarrifs now.
Every generation since WWII has borrowed and left the bill for the next generation. No one wants to miss out on their chance to rob their kids so the cycle continues.
One Giant Derivative. 📈🎯
Signed by Trump and all his Predessesors, since Mr “Read My Lips”
Current monthly tariff revenue is about $1.6 Billion or $19.2 Billion per year. Current annual budget deficit is $1.99 Trillion...tariffs are a drop in the bucket compared to the budget deficit and you and I are paying them. For example domestic steel prices (50% tariff) are up 55% recently...that will reflect in the retail price of items made with steel. Other biggies are the copper tariff @ 50%, semiconductors at 25% (priced RAM or GPU’s lately?!...AI build-out hitting that market too) and truck/truck parts @ 25%, autos and parts @25%, etc., etc..
https://www.atlanticcouncil.org/programs/geoeconomics-center/trump-tariff-tracker/
https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/
https://www.unarcorack.com/steel-average/
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