What No One Will Tell You About the National Debt (but I Will)
4 Articles
4 Articles
The truth about the debt Trump won't say out loud
The U.S. national debt just crossed a once-unthinkable threshold on the way toward breaking the record set in the wake of World War II: It now exceeds 100 percent of America’s gross domestic product.As of March 31, our publicly held debt was $31.27 trillion, while America’s GDP in 2025 was $31.22 trillion. This puts the ratio at 100.2 percent, compared with 99.5 percent when the last fiscal year ended September 30. That 100.2 percent figure will…
The Last Time America Hit 100% Debt-to-GDP, A Golden Age Followed
From Schiff Sovereign Interest on the federal debt is over $1 trillion per year. That’s a huge chunk of tax revenue. The rest of America’s tax revenue is consumed by mandatory entitlements like Social Security and Medicare. Literally everything else, including the military, roads, and light bill at the White House, are funded with more debt. So in other words, the deficit is structural and permanent. It will be there no matter how much Congress …
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