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re: America's national debt is now larger than the entire economy

Posted on 5/1/26 at 3:12 pm to
Posted by StringedInstruments
Member since Oct 2013
20907 posts
Posted on 5/1/26 at 3:12 pm to
quote:

Irresponsible elderly folk like dukke v, who have NO savings and rely solely on SS checks, will burn down Washington if/when their monthly checks are cut 20%.


But their bodies will be broken down and unable to access quality healthcare. They're not doing anything but gripe on the Internet.

Posted by everytrueson
West Hollywood, California
Member since Mar 2012
7820 posts
Posted on 5/1/26 at 3:13 pm to
Would like to see any tariff money applied to this.
Posted by Sterling Archer
Member since Aug 2012
8385 posts
Posted on 5/1/26 at 3:53 pm to
quote:

Would like to see any tariff money applied to this.

Posted by Chuck Barris
Member since Apr 2013
3225 posts
Posted on 5/1/26 at 3:58 pm to
quote:

The main driver of surging debt is Dim politicians like Nancy Pelosi and their never ending fraud.
Nope, the above article is right, and you're wrong. This isn't debatable.
LINK
quote:


The current surge in U.S. national debt—which has reached approximately $38.7 trillion as of early 2026—is driven by a "structural mismatch" where spending consistently outpaces revenue. While the debt has been climbing for decades, several specific factors are accelerating the trend right now.

Here are the primary drivers:

The "Interest Trap"

Interest on the debt is now the fastest-growing part of the federal budget. In 2026, net interest costs are expected to hit a historic milestone of $1 trillion annually.

Higher Rates: For years, the U.S. borrowed at near-zero interest rates. Now, as older debt matures, the Treasury must refinance it at much higher current rates (the average interest rate on federal debt has climbed to roughly 3.35%).

Crowding Out: Interest payments are now on track to surpass spending on both national defense and Medicare.

Demographic Shifts (Mandatory Spending)

The "aging of America" is a massive, predictable driver of long-term debt.

Social Security & Medicare: As the Baby Boomer generation continues to retire, the number of beneficiaries is growing faster than the working-age population paying into the system.

Healthcare Inflation: The per-person cost of providing healthcare continues to rise, further bloating the budgets for Medicare and Medicaid.

Recent Policy and Legislative Actions

Several specific legislative and administrative shifts in 2025 and 2026 have added to the deficit:

The 2025 Reconciliation Act: This major piece of legislation is projected to increase deficits significantly over the next decade due to tax adjustments and spending provisions.

Revenue Gaps: While revenues are projected to be around 17.5% of GDP, outlays are expected to be closer to 23.3%. Additionally, recent shifts in trade policy and tariff exemptions have led the CBO to lower its expected revenue from customs duties.

This post was edited on 5/1/26 at 5:54 pm
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
39701 posts
Posted on 5/1/26 at 4:13 pm to
quote:

Look at this dumbass right here that doesn't even realize his party and his king Schumer blocked DOGE from doing anything


Muh mandate

They failed. Suck it up, bubba.
Posted by Rainier Fog
Member since Jul 2025
1253 posts
Posted on 5/1/26 at 6:08 pm to
quote:

Muh mandate

They failed. Suck it up, bubba.


So you just undermined your own post you fricking idiot

Trump fricked you in the arse at some point and you still haven't gotten over it
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74897 posts
Posted on 5/1/26 at 6:14 pm to
quote:

Irresponsible elderly folk like dukke v, who have NO savings and rely solely on SS checks, will burn down Washington if/when their monthly checks are cut 20%.
Responsible folks like soccerfüt won’t be thrilled with the result of the forced donations to the lockbox over the past 50 years not being paid back as promised.

A haircut off that obligation is a double tax.

Posted by forkedintheroad
Member since Feb 2025
2319 posts
Posted on 5/1/26 at 6:15 pm to
People and organizations declare bankruptcy everyday, essentially purging their debt with minimal consequences.

Out government will one day do the same, and the consequences will be determined by how much the Chinese want to get their hands dirty to collect.
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
39701 posts
Posted on 5/1/26 at 6:27 pm to
You are pissing down your leg, homie. Get it together.

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98250 posts
Posted on 5/1/26 at 6:29 pm to
You embarrassed yourself as always

But you are a male dem who said Kamala would win in a landslide
Posted by CatfishJohn
Member since Jun 2020
20340 posts
Posted on 5/1/26 at 6:51 pm to
quote:

Remember when DOGE was the flavor of the month and was gonna get the deficit under control? I can’t believe Elon and his cabal of incel dorks didn’t get the job done!


They did a lot of great work. OBBB reinstated unruly spending. And he and his team were harassed on top of that so he realized it was futile and not worth it.

Trump really fricked up that bill.
Posted by olehickory1767
Member since Dec 2024
60 posts
Posted on 5/1/26 at 7:23 pm to
*screeching noises*
Posted by Everyday Is Saturday
Member since Dec 2025
1598 posts
Posted on 5/1/26 at 7:36 pm to
If the government is borrowing money to help its economy grow, and the growth it is getting is higher than the interest it pays, then there is a strong case to spend more money.

Federal debt is not always bad so says modern monetary theory.

The interest on US debt at a % of GDP is more insightful metric of the debt as a burden on society and is less alarming. Why? Because it has not gone up. If you have low interest rates, you can afford to run up deficits.

Cases in point: borrowing to rejuvenate the economy post 2008 housing crisis. Inflation nor interest rates did not increase / spike. In fact, interest rates fell.

Now, look out interest rate pressure!
This post was edited on 5/1/26 at 7:37 pm
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
39701 posts
Posted on 5/1/26 at 7:47 pm to
All they do is screech anymore because they can’t defend this shitshow

Posted by SlidellCajun
Slidell la
Member since May 2019
16415 posts
Posted on 5/1/26 at 8:28 pm to
Generally when a country’s debt surpasses the GDP, it indicates a downward spiral as it can no longer handle emergencies which are inevitable.
The interest alone on that debt has risen to levels that will force tough decisions to be made.

With high interest rates and Now that we’re mired in a war with Iran, we’re in a precarious position

Posted by cardswinagain
Member since Jun 2013
13401 posts
Posted on 5/1/26 at 8:44 pm to
quote:

NawlinsTiger9


You voted for Biden and Harris. Sit this one out
This post was edited on 5/1/26 at 8:44 pm
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10895 posts
Posted on 5/1/26 at 9:49 pm to
And this is why there isn't a single congressman or senator that's worth 2 seconds of your respect.

These are the pieces of shite that have passed/approved this spending over the years.

frick them.
Posted by Eurocat
Member since Apr 2004
17244 posts
Posted on 5/1/26 at 10:25 pm to
Don't blame the politicians, blame the voters who votes out anyone who seriously tries to cut spending or raise taxes.
Posted by DVinBR
Member since Jan 2013
15770 posts
Posted on 5/1/26 at 10:28 pm to
when interest payment surpasses revenue you are going to see some serious shite
Posted by greenbean
USAF Retired - 31 years
Member since Feb 2019
6393 posts
Posted on 5/1/26 at 10:31 pm to
and I'm over here still waiting on my DODGE and Tariff dividend.
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