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Yay! US debt just exceeded annual GDP for first time ever. Thank you Mr. Trump!
| Emotionally + Physically Abusive Ex-Husband | 05/01/26 |
| man o' war | 05/01/26 |
| '''''''""'' | 05/01/26 |
| Wilbur Mercer, permanently embarrassed millionaire | 05/01/26 |
| year of the bird | 05/01/26 |
| oomox | 05/01/26 |
| Emotionally + Physically Abusive Ex-Husband | 05/01/26 |
| oomox | 05/01/26 |
| Pope Leo XXX | 05/01/26 |
Poast new message in this thread
Date: May 1st, 2026 12:54 PM Author: Emotionally + Physically Abusive Ex-Husband (oppose bitchbois) 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: man o' war (🫶🏾) 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: '''''''""'' 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: Wilbur Mercer, permanently embarrassed millionaire (Safari) 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: year of the bird (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: oomox 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: Emotionally + Physically Abusive Ex-Husband (oppose bitchbois) "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: oomox 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 1st, 2026 1:58 PM Author: Pope Leo XXX 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 |