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Message
The U.S. national debt now exceeds 100% of gross domestic product
Posted on 4/30/26 at 9:22 am
Posted on 4/30/26 at 9:22 am
quote:
The government is spending $1.33 for every dollar it collects in revenue.
quote:
The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.
Wall Street Journal
Posted on 4/30/26 at 9:23 am to Green Chili Tiger
Printer never stops. Burrrrr.
Posted on 4/30/26 at 9:25 am to Green Chili Tiger
quote:
The government is spending $1.33 for every dollar it collects in revenue.
My wife and the government have something in common.
Posted on 4/30/26 at 9:25 am to Green Chili Tiger
Well yeah we have somalians and haitians to take care of and make rich.
Posted on 4/30/26 at 9:26 am to Green Chili Tiger
What percentage of it is due to fraud and outright theft?
Posted on 4/30/26 at 9:26 am to Green Chili Tiger
quote:
Green Chili Tiger
Do you support massive spending cuts for government programs? Smaller government?
Posted on 4/30/26 at 9:26 am to Green Chili Tiger
And almost all of it is fraud/laundered.
Posted on 4/30/26 at 9:28 am to Green Chili Tiger
There’s no such thing as gross domestic product because we don’t produce anything
Posted on 4/30/26 at 9:29 am to Green Chili Tiger
We are doomed. Time is the only factor.
And when the Merry-go-Round stops we will return to mob rule or he with the most weapons survives.
Millions will perish in a short amount of time.
And when the Merry-go-Round stops we will return to mob rule or he with the most weapons survives.
Millions will perish in a short amount of time.
Posted on 4/30/26 at 9:42 am to Green Chili Tiger
Just quit printing money, get the fraud out & cut government programs 1% per year for a decade or two and watch what happens
Posted on 4/30/26 at 9:46 am to Green Chili Tiger
quote:
The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.
I'm not sure how they're doing their calculations, but we passed 100% several years ago.
Posted on 4/30/26 at 9:48 am to Green Chili Tiger
Yet we won't cut the trillions of non essential spending.
Posted on 4/30/26 at 9:49 am to wdhalgren
quote:
I'm not sure how they're doing their calculations, but we passed 100% several years ago.
Not according to the article. Where are you getting your information?
Posted on 4/30/26 at 9:49 am to Green Chili Tiger
It's quite the concern, almost devastating.
One side of the Uniparty doesn't care, as long as power is maintained or acquired. The other side only cares slightly more ... to simply give lip service.
One side of the Uniparty doesn't care, as long as power is maintained or acquired. The other side only cares slightly more ... to simply give lip service.
Posted on 4/30/26 at 9:50 am to BugAC
quote:
Do you support massive spending cuts for government programs? Smaller government?
Austerity measures? Sure, let's have them.
Posted on 4/30/26 at 9:51 am to Mo Jeaux
quote:
Where are you getting your information?
From my head. Current US Federal debt is $39+ trillion. US GDP is $32 trillion. 39/32 = 122%. Debt/GDP has been greater than 100% for several years and steadily climbing by 5% or more per year.
This post was edited on 4/30/26 at 9:56 am
Posted on 4/30/26 at 9:52 am to SloaneRanger
quote:
What percentage of it is due to fraud and outright theft?
Probably 70%. Not even kidding.
Posted on 4/30/26 at 9:53 am to 4cubbies
Do you want government spending to be cut? Where?
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