General Discussion

Botany

(78,203 posts) Fri Jun 5, 2026, 05:16 PM Jun 5

Our national debt is now greater then GDP

How so? Explained.

The "repairs" on the Reflecting Pool for
the Washington Monument were pegged
@ 1.5 million the final costs are @ 15
million. @ least that is what I think the
figures are.

Abraham Lincoln on his Sec. of the Navy,
He would steal the wood stove if it wasn't
so hot.

If I am wrong it can't be so because I read
it on the internet and everything on the internet is correct.

2 replies

= new reply since forum marked as read

Highlight:

Our national debt is now greater then GDP (Original Post) Botany Jun 5 OP

We are not serving human beings with all this AI, Space, Data Center, Storage debt bucolic_frolic Jun 5 #1

Total US public national debt actually exceeded the US GDP starting in Q4 2012, not a few days ago. Celerity Jun 5 #2

bucolic_frolic

(56,305 posts)

1. We are not serving human beings with all this AI, Space, Data Center, Storage debt

Reply to Botany (Original post)

Fri Jun 5, 2026, 05:19 PM

Jun 5

We are serving capital and capitalists. It's a dry hole if every part of society breaks down.

Celerity

(55,323 posts)

2. Total US public national debt actually exceeded the US GDP starting in Q4 2012, not a few days ago.

Reply to Botany (Original post)

Fri Jun 5, 2026, 05:33 PM

Jun 5

It is now closing in on 125 per cent of US GDP.

It hit a recent high of 132.7 per cent in Q2 2020 under Trump.

https://fred.stlouisfed.org/series/GFDEGDQ188S

The news reports now leave out (falsely making it seem smaller) part of the actual US national debt, ie Intragovernmental Holdings, which are around 8 trillion USD. This is the debt the government owes to its own trust funds, such as Social Security and Medicare.

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