The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Yay! US debt just exceeded annual GDP for first time ever. Thank you Mr. Trump!
| Chrome flickering ratface | 05/01/26 |
| supple mahogany lettuce resort | 05/01/26 |
| Mind-boggling pale parlour | 05/01/26 |
| Frozen white location | 05/01/26 |
| Confused Windowlicker Locus | 05/01/26 |
| Maize Half-breed | 05/01/26 |
| Chrome flickering ratface | 05/01/26 |
| Maize Half-breed | 05/01/26 |
| Adventurous salmon pistol indian lodge | 05/02/26 |
| Walnut mood hell | 05/01/26 |
Poast new message in this thread
Date: May 1st, 2026 12:54 PM Author: Chrome flickering ratface 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. |
 |
Date: May 1st, 2026 12:59 PM Author: supple mahogany lettuce resort Cons used to freak out over $400-500B deficits (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2Elisa#49856946) |
Date: May 1st, 2026 1:24 PM Author: Mind-boggling pale parlour ANOTHER GRIM MILESTONE, where have I heard that before lmao (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2Elisa#49856984) |
|
Date: May 1st, 2026 1:42 PM Author: Frozen white location Walls closing in (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2Elisa#49857034) |
|
Date: May 1st, 2026 1:53 PM Author: Confused Windowlicker Locus (http://www.autoadmit.com/thread.php?thread_id=5862459&forum_id=2Elisa#49857070) |
|
Date: May 1st, 2026 1:44 PM Author: Maize Half-breed 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=2Elisa#49857038) |
|
Date: May 1st, 2026 1:51 PM Author: Chrome flickering ratface "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=2Elisa#49857061) |
|
Date: May 1st, 2026 1:57 PM Author: Maize Half-breed 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 |
|
Date: May 2nd, 2026 11:13 AM Author: Adventurous salmon pistol indian lodge 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 |
|
Date: May 1st, 2026 1:58 PM Author: Walnut mood hell 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 |