The U.S. national debt is now larger than the economy as a whole, hitting levels not seen since the aftermath of World War II, new data has revealed. Figures released by the Bureau of Economic Analysis Thursday place the total debt held by the American public at $31.27 trillion as of March 31. Meanwhile, the country’s nominal gross domestic product was estimated at $31.22 trillion, meaning the national debt as a percentage of GDP stands at 100.2 percent, putting it on course to challenge the historic 106 percent recorded in 1946 during demobilization. The debt stood at 99.5 percent of GDP at the end of the 2025 fiscal year in September, revealing how quickly it has climbed.

  • gravitas_deficiency@sh.itjust.works
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    2 days ago

    It’s so hilarious and absurd that the GOP beats their chest so hard about being “the party of fiscal responsibility” - but only when they’re the opposition party.

      • gravitas_deficiency@sh.itjust.works
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        2 days ago

        Oh, absolutely. But I’ll be honest: at this point, it just doesn’t surprise me anymore, and the general baseline idiocy, incuriosity, myopicism, and greed of the culture here are pretty big factors in why I have come to feel so alienated despite being born here, and why I’m thinking about emigrating a lot more seriously.

        I genuinely struggle to control my snark when people start talking about how we’re going to “recover” from this. “This” is a symptom, not the root cause. As far as I can see, the entirety of our political machine is hell bent on ignoring the root cause, because the root cause is too profitable - for now.

      • CmdrShepard49@sh.itjust.works
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        2 days ago

        Not just gullible enough to believe them but gullible enough to believe them over and over and over despite every past example proving otherwise.

    • Cargon@lemmy.ml
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      2 days ago

      Fiscal is the name of the 9 year old they pass around at the RNC convention.

    • Lemmayng@lemmy.world
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      2 days ago

      GOP is always the party of [insert grandstanding moral here] when they’re they opposition party.