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.

  • bedwyr@piefed.caBanned from community
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    1
    ·
    1 day ago

    On the contrary, rates will be lowered to juice economic growth. That was certain since before the election.

    Just as it is certain that these clowns will max out the credit card of the United States.

    Then shit really gets bad as the administration partners with parasitical business interests to target other rich, and seize their assets, first those they feel slighted them, later Seizing Assets will become the end. If history is any guide, hail caesar! Or Cornellius Sulla as the case may be.