this post was submitted on 01 May 2026
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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.

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[–] gravitas_deficiency@sh.itjust.works 155 points 2 months ago (6 children)

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.

[–] Davel23@fedia.io 63 points 2 months ago (2 children)

But not as absurd as a significant portion of the country believing it.

[–] gravitas_deficiency@sh.itjust.works 26 points 2 months ago* (last edited 2 months 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.

[–] Xanthobilly@lemmy.world 2 points 2 months ago

It’s propaganda, working as designed.

[–] anon_8675309@lemmy.world 30 points 2 months ago (1 children)

What’s more absurd is the number of people who are gullible enough to believe them.

[–] CmdrShepard49@sh.itjust.works 22 points 2 months 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 16 points 2 months ago

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

[–] sturmblast@lemmy.world 15 points 2 months ago

GOP is the party of bullshit

[–] SaveTheTuaHawk@lemmy.ca 5 points 2 months ago

tAx aNd sPeNd lIbErAlS

[–] lemmyng@lemmy.world 3 points 2 months ago

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

[–] cogman@lemmy.world 64 points 2 months ago (20 children)

Quick, let's cut taxes even further! We have people to kill in the middle east!

[–] RedWeasel@lemmy.world 16 points 2 months ago* (last edited 2 months ago) (1 children)

I am certain that we can find other places to start wars as well

[–] bedwyr@piefed.ca 7 points 2 months ago

I'm not entirely certain that the administration will have the juice to start shit with Cuba let alone Greenland after they flubbed Iran so bad.

This Iran thing is never going to end by the way. Even when it ends it won't end, Israel will reach across the border for whatever pretexts for domestic political reasons. This is a Forever War.

But the president wants to start shit with Greenland for the express purposes of pulling us out of NATO, and that is why he is trying to increase the military budget to 1.5 trillion, to make up for all the arms sales they would lose pulling out of NATO.

It really is like that.

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[–] Witchfire@lemmy.world 41 points 2 months ago

Where are all those fiscal conservative deficit hawks I keep hearing about?

[–] Treczoks@lemmy.world 35 points 2 months ago

Ah, yes, the party of fiscal responsibility hard at work!

[–] Steve@startrek.website 31 points 2 months ago (2 children)

Except this time we dont have jack shit to export?

[–] boonhet@sopuli.xyz 19 points 2 months ago (1 children)

Untrue, you're still exporting MAGA variety conservatism and apparently there's demand for it, because there are plenty of people importing.

And bombs, I hear you've exported some to Iran.

[–] b161@lemmy.blahaj.zone 8 points 2 months ago (1 children)

Don’t forget pedophilia and rape.

[–] spike1167@lemmy.ca 3 points 2 months ago

that’s an import

[–] ragebutt@lemmy.dbzer0.com 8 points 2 months ago* (last edited 2 months ago)

Why do you think a war was started for no reason

95% of domestic manufacturing that remains is military shit. Can’t have China do the injection molding and machining for your top secret bombs meant to do genocide

[–] sturmblast@lemmy.world 26 points 2 months ago (5 children)

And more than half of that debt was created by..... Trump

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[–] trackball_fetish@lemmy.wtf 19 points 2 months ago (1 children)

Well yeah, they're attempting to squeeze every cent while simultaneously killing the dollar, then switch over to something crypto backed. Screenshot this comment.

[–] stoicEuropean@lemmy.ml 1 points 2 months ago (1 children)

I doubt that anything crypto-related will take on such a role anytime soon. The AI hype largely overshadows the Crypto hype.

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[–] henfredemars@infosec.pub 17 points 2 months ago* (last edited 2 months ago) (1 children)

Fed is screwed and still printing $40B/wk for “liquidity” on US treasuries because the market doesn’t want our debt.

Can’t raise interest rates to control inflation or the weak economy (when you exclude AI) gets crushed and interest on the debt explodes. Most of our debt is on short end bills so we feel the burn the moment that interest rates rise.

Can’t lower rates or inflation soars even higher.

I would ensure you have some hard assets. The money printers are whirring and devaluing dollars seems to be the most likely exit strategy in the long run.

Not financial advice. I’m a fool.

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[–] JoMiran@lemmy.ml 12 points 2 months ago
[–] Tollana1234567@lemmy.today 12 points 2 months ago* (last edited 2 months ago) (1 children)

it is designed by gop to assign blame to the next DEM(totally complicit as far as DInos goes) administration like they always do,.

did you notice the current shutdown has never hit the airwaves at all, the MSMs realizes the last on scared even the republican voters, so they dint report this one at all. anything to avoid the epstein files.

[–] SocialMediaRefugee@lemmy.world 3 points 2 months ago

You can set your watch by this scheme they play.

[–] MrSelatcia@lemmy.world 11 points 2 months ago

Don't worry, DOGE got this

[–] TryingToBeGood@reddthat.com 9 points 2 months ago

thanks, drumpfuck

[–] hansolo@lemmy.today 9 points 2 months ago

Why does this keep coming up like it just happened?

We hit a 100% debt/GDP ratio in 2012.

We hit 125% in 2020 during COVID.

[–] HootinNHollerin@lemmy.dbzer0.com 8 points 2 months ago

How could the future democrat do this

[–] CircaV@lemmy.ca 6 points 2 months ago

Failed country.

[–] Evil_Shrubbery@thelemmy.club 2 points 2 months ago* (last edited 2 months ago)

So one more lil happy accident & USA hits the prestigious investment grade of BBB+ (it's a joke but the dollar has been sorta artificially/imperially prompted up, and the purchasing power of USA goods & services has need starched pretty thin ...).

[–] dropped_the_chief@lemmy.world 2 points 2 months ago

You're welcome for the tax cuts, billionaires who will just fly to some other country when things get a little toasty.

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