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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 HailHailtoMichigan!
Posted on 5/1/26 at 3:12 pm to HailHailtoMichigan!
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 on 5/1/26 at 3:13 pm to RLDSC FAN
Would like to see any tariff money applied to this.
Posted on 5/1/26 at 3:53 pm to everytrueson
quote:
Would like to see any tariff money applied to this.
Posted on 5/1/26 at 3:58 pm to Rainier Fog
quote:Nope, the above article is right, and you're wrong. This isn't debatable.
The main driver of surging debt is Dim politicians like Nancy Pelosi and their never ending fraud.
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 on 5/1/26 at 4:13 pm to Rainier Fog
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 on 5/1/26 at 6:08 pm to NawlinsTiger9
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 on 5/1/26 at 6:14 pm to HailHailtoMichigan!
quote: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.
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%.
A haircut off that obligation is a double tax.
Posted on 5/1/26 at 6:15 pm to RLDSC FAN
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.
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 on 5/1/26 at 6:27 pm to Rainier Fog
You are pissing down your leg, homie. Get it together.
Posted on 5/1/26 at 6:29 pm to NawlinsTiger9
You embarrassed yourself as always
But you are a male dem who said Kamala would win in a landslide
But you are a male dem who said Kamala would win in a landslide
Posted on 5/1/26 at 6:51 pm to NawlinsTiger9
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 on 5/1/26 at 7:36 pm to RLDSC FAN
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!
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 on 5/1/26 at 7:47 pm to olehickory1767
All they do is screech anymore because they can’t defend this shitshow
Posted on 5/1/26 at 8:28 pm to RLDSC FAN
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
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 on 5/1/26 at 8:44 pm to NawlinsTiger9
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 on 5/1/26 at 9:49 pm to RLDSC FAN
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.
These are the pieces of shite that have passed/approved this spending over the years.
frick them.
Posted on 5/1/26 at 10:25 pm to Grievous Angel
Don't blame the politicians, blame the voters who votes out anyone who seriously tries to cut spending or raise taxes.
Posted on 5/1/26 at 10:28 pm to RLDSC FAN
when interest payment surpasses revenue you are going to see some serious shite
Posted on 5/1/26 at 10:31 pm to RLDSC FAN
and I'm over here still waiting on my DODGE and Tariff dividend.
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