re: The U.S. national debt now exceeds 100% of gross domestic product

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4cubbies

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Not too active.

Anyone know if 4chubby bitched about SNAP not covering sugary snacks? What about USAID cuts?

Everywhere!

Thanks Conservatives and Beta male liberals like the OP

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I see what you’re saying, but this isn’t some nefarious choice by the WSJ. Most economists use publicly held debt when assessing debt to GDP. It’s a much more common measurement when analyzing market impact of U.S. debt.

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Economists are political animals. They use statistics however suits their purposes, as does the WSJ. The problem with publicly held debt is that the relative size of publicly held vs non-publicly held has varied significantly over time, depending mainly on relative size of the Social Security Trust fund. Therefore total (publicly held and intragovernmental) debt is the only way to get an apples to apples comparison of US federal debt over the decades, which is what that WSJ article was claiming (but failing) to do.

Using total fed debt as the metric, the US is already at an all time high debt to gdp ratio since approximately the end of 2024. Debt/GDP has been > 100% for several years. For the last decade or so, Social Security trust fund has been liquidating assets (special issue securities), which then converts intragovermental debt to publicly held Treasury debt. Unless the plan is to default on intragovernmental debt, total federal debt is the honest way to look at US federal debt load.

You know those brown kids from other countries you think all look the same? We have to house and feed them while the Uniparty grifts us.

It is a great idea to cut spending. Where would you start?

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What percentage of it is due to fraud and outright theft?

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At a minimum 20-30% of US taxpayer dollars remitted to the federal government are waste, fraud and outright theft.

Think about it.

The US is nearly $40 trillion in debt and all we hear about is how social security is going to collapse in the next 5-10 years, Medicare/Medicade is underfunded, the US military now has a nearly $1 trillion budget, and on and on. With $40 trillion of US debt the US should have jewel encrusted bridges and a few roads paved with gold.

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Anyone know if 4chubby bitched about SNAP not covering sugary snacks? What about USAID cuts?

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if only there was a way to find this information....

Chicken should consider implementing a "search" feature.

Now that's what I call perfect leverage.

From 1976 through 2008, in all but one year GDP grew more than the deficit each year (total dollar amounts, not growth percentages).

From 2009 to present there have been only 5 years when the dollar amount of GDP growth has outpaced deficit spending for the same year.

In other words, this started with the GFC and government's mishandling has allowed it to continue to linger to the point where if we were to cut spending to just balance the budget (forget a surplus), the country would go into a Recession (possibly a Depression) due to any GDP growth being dependent on not just ongoing deficit spending, but the constant increase in ongoing deficit spending.

We are a Welfare State full of low IQ, uneducated, unskilled Illegal Immigrants. Also, there is little to no difference in spending between Trump and Biden. Obama actually spent less than Trump. Think about that for a minute.