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Yay! US debt just exceeded annual GDP for first time ever. Thank you Mr. Trump!
| abusive avocado office tank | 05/01/26 |
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| abusive avocado office tank | 05/01/26 |
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| Mustard Beady-eyed Sneaky Criminal Striped Hyena | 05/01/26 |
Poast new message in this thread
Date: May 1st, 2026 12:54 PM Author: abusive avocado office tank https://finance.yahoo.com/economy/article/americas-national-debt-is-now-larger-than-the-entire-economy-171830542.html
The US national debt passed another grim milestone Thursday when the latest data showed that government debt held by the public — the most conservative way to measure what is owed — has surpassed America’s total annual economic output.
As of Tuesday, government debt held by the public is about $31.27 trillion, according to the US Treasury. Meanwhile, the US nominal gross domestic product (GDP) from April 1, 2025, to March 31, 2026, was an estimated $31.22 trillion, according to new Commerce Department data released Thursday.
Already in this fiscal year, which began last October, the US has spent $1.17 trillion more than it has collected, according to the federal government, with the annual deficit projected to grow to nearly $2 trillion in the coming months. |
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Date: May 1st, 2026 12:59 PM Author: sienna adventurous depressive Cons used to freak out over $400-500B deficits (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49856946) |
Date: May 1st, 2026 1:24 PM Author: buck-toothed brindle forum ANOTHER GRIM MILESTONE, where have I heard that before lmao (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49856984) |
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Date: May 1st, 2026 1:42 PM Author: talented salmon plaza Walls closing in (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49857034) |
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Date: May 1st, 2026 1:53 PM Author: marvelous aqua bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49857070) |
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Date: May 1st, 2026 1:44 PM Author: Multi-colored karate location Most of us probably aren't gonna get Social Security payouts at all unless something changes. (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49857038) |
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Date: May 1st, 2026 1:51 PM Author: abusive avocado office tank "Social Security" needs to be reimagined as "welfare for old people who need it" instead of a "payout." (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2.#49857061) |
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Date: May 1st, 2026 1:57 PM Author: Multi-colored karate location Does that make it more palatable to conturds? I'm a social safety netmo so "payouts" doesn't sound bad to me
Or do you mean it should just go to people who need it? That works for me |
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Date: May 2nd, 2026 11:13 AM Author: tan bisexual cumskin They are going to abolish the income limit for taxes and then means test. IOW, everyone (other than board poors) should be prepared to bend over for a chill 12% tax increase with no offsets to pay for total boomer luxury communism.
At retirement you will get nothing |
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Date: May 1st, 2026 1:58 PM Author: Mustard Beady-eyed Sneaky Criminal Striped Hyena https://budgetmodel.wharton.upenn.edu/p/2023-10-06-when-does-federal-debt-reach-unsustainable-levels/
According to Wharton we have about 20 yrs left |