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Yay! US debt just exceeded annual GDP for first time ever. Thank you Mr. Trump!
| pearl cerebral codepig | 05/01/26 |
| primrose bearded giraffe | 05/01/26 |
| chest-beating friendly grandma dragon | 05/01/26 |
| Galvanic balding church useless brakes | 05/01/26 |
| Twisted lascivious address | 05/01/26 |
| appetizing pistol sandwich | 05/01/26 |
| pearl cerebral codepig | 05/01/26 |
| appetizing pistol sandwich | 05/01/26 |
| Wonderful Famous Landscape Painting Locus | 05/02/26 |
| Hideous crystalline jew | 05/01/26 |
Poast new message in this thread
Date: May 1st, 2026 12:54 PM Author: pearl cerebral codepig 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: primrose bearded giraffe 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: chest-beating friendly grandma dragon 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: Galvanic balding church useless brakes 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: Twisted lascivious address (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: appetizing pistol sandwich 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: pearl cerebral codepig "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: appetizing pistol sandwich 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: Wonderful Famous Landscape Painting Locus 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: Hideous crystalline jew 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 |