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Yay! US debt just exceeded annual GDP for first time ever. Thank you Mr. Trump!
| Bronze idiotic famous landscape painting french chef | 05/01/26 |
| Cerebral kink-friendly tank | 05/01/26 |
| talented wagecucks sweet tailpipe | 05/01/26 |
| Slate hissy fit locale | 05/01/26 |
| Shimmering station athletic conference | 05/01/26 |
| ultramarine potus sound barrier | 05/01/26 |
| Bronze idiotic famous landscape painting french chef | 05/01/26 |
| ultramarine potus sound barrier | 05/01/26 |
| Adventurous Tripping Stock Car Property | 05/02/26 |
| Wonderful bright stage corn cake | 05/01/26 |
Poast new message in this thread
Date: May 1st, 2026 12:54 PM Author: Bronze idiotic famous landscape painting french chef 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: Cerebral kink-friendly tank 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: talented wagecucks sweet tailpipe 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: Slate hissy fit locale 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: Shimmering station athletic conference (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: ultramarine potus sound barrier 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: Bronze idiotic famous landscape painting french chef "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: ultramarine potus sound barrier 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: Adventurous Tripping Stock Car Property 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: Wonderful bright stage corn cake 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 |