r/collapse • • Mar 11 '26

Economic US National Debt Hits 100% of GDP

https://blocknow.com/u-s-debt-hits-100-of-gdp-as-fiscal-crisis-warnings-intensify/
2.8k Upvotes

210 comments sorted by

•

u/StatementBot Mar 11 '26

The following submission statement was provided by /u/PixeledPathogen:


The US national debt has crossed 100% of GDP, and the pace of accumulation is unlike anything seen before. As of March 4, 2026, total gross national debt sits at $38.86 trillion, up $2.64 trillion year over year and $10.86 trillion higher than five years ago. That works out to $7.23 billion per day, $301.39 million per hour, and $83,720.62 per second.


Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1rqeeep/us_national_debt_hits_100_of_gdp/o9rlfmu/

646

u/Reim777 Mar 11 '26

Highest national debt EVER recorded! All TIME high! Can you believe it? No one would believe it's possible! Thank you for your attention to this matter!

29

u/paradoxicalparrots Mar 11 '26

A debtologist came to me, with tears in their eyes

98

u/ty_xy Mar 11 '26

Guess who's fault it is. That's right, Obama and bidens and the democrats fault. /s

28

u/Flimsy_Pay4030 Mar 11 '26

It's a good time to buy ? Buy high sell higher right ?  /s

1.9k

u/xCR4SHx Mar 11 '26

The bankruptcy king is gonna bankrupt america lmao

734

u/Kevmandigo Mar 11 '26

Never before seen extraction/transfer of wealth from an entire country.

178

u/KingRBPII Mar 11 '26

We can just restart with new money they can’t use…

111

u/greencycles Mar 11 '26

Believe it not, this may be possible. Standby. And no, it's not Bitcoin.

97

u/eren_yeegarr Mar 11 '26

Stock up on bottlecaps

19

u/dullship Mar 11 '26

Damn you, Weatherby Savings and Loan!

52

u/sandybuttcheekss Mar 11 '26

Fuck, we're going to start trading in trump bucks, aren't we?

83

u/Seige_J Mar 11 '26

I’ll just stay poor thank you

5

u/rematar Mar 11 '26

Gaza will be doing a test run with electronic money pegged to the USD.

14

u/blakezilla Mar 11 '26

This is not the pegging we were promised.

18

u/ansibleloop Mar 11 '26

But it is crypto

And it's real fuckin stupid

3

u/so_long_hauler Mar 11 '26

Crypto ad incoming

4

u/TryptaMagiciaN Mar 11 '26

Does it rhyme with Juan?

18

u/AdventurousAd3515 Mar 11 '26

Those that believe in the “sky god” would be lead to think this is the start of the mark of the beast. A convenient “mark” will be needed to buy bread… at least that’s how the fear mongering videos I saw as as a child in church represented it.

1

u/OatSoyLaMilk Mar 11 '26

Yeah, it's often called ammo.

38

u/Cleyre Mar 11 '26

True. But it is following a lot of the same beats from the collapse of the USSR…

48

u/scummy_shower_stall Mar 11 '26

That's why Trump, Thiel, Bezos, Muskrat, Zuckerberg, ALL of them, are doing this is so they can live like Putin. Have the entire wealth of a nation at their fingertips, and a general populace too cowed to do anything about it.

21

u/TrickyProfit1369 Mar 11 '26

Look up shock therapy in post communist countries. Large scale privatization, usually bought up by a select few, creating an elite class.

10

u/voodoobettie Mar 11 '26

There’s a book called “The Shock Doctrine” by Naomi Klein about this

5

u/dolphone Mar 11 '26

That's a standard part of the dictator playbook.

2

u/DarthWeenus Mar 11 '26

The tariffs were a massive transfer of wealth

76

u/RecklessHeckler Mar 11 '26

Everyone said he would bankrupt the country, heck, everyone knew it was bound to happen but that part of our brain that believes this world has bumpers assumed that someone would step in to stop the madness-- surely there must be a shadow government, illuminati or a global capital cabal to stop him from dragging the whole place down. But no one stopped him. He just went and did it and now we slide down the slope until we reach the cusp of the cliff. Then freefall.

18

u/Faxiak Mar 11 '26

Why would they stop him if they all profit on it?

9

u/Living-Excuse1370 Mar 11 '26

They want him to do It.

40

u/AimeLesDeuxFromages Mar 11 '26

You got it!

58

u/rematar Mar 11 '26

Broken people conform easier.

I suspect it could play into the freedom cities ™️ plan of his sponsors.

https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/

10

u/Living-Excuse1370 Mar 11 '26

Until there Is nothing left to lose.

2

u/SoupOrMan3 Mar 11 '26

Anything you need

3

u/AimeLesDeuxFromages Mar 11 '26

I need to go back in time

2

u/TheQuietOutsider Mar 11 '26

was it Carlin who said we have the life cycle backwards?

at this point you can send me all the way back to when i was just an orgasm

1

u/AimeLesDeuxFromages Mar 12 '26

Ah yes, the epoch of orgasm.

12

u/No-Candidate6257 Mar 11 '26 edited Mar 11 '26

There's a reason China is rapidly dropping American debt like the hot potato that it is.

China was once the largest foreign holder of U.S. debt. It peaked at around $1.3 trillion in 2011 and held that top spot among foreign nations until Japan overtook it in 2019.

Today, China only holds $683.5 billion. They reduced it by half and keep dropping as much as they can safely do every year.

Meanwhile, Japan, the UK, Belgium and Canada are doubling down and buying more US debt. Japan and the UK both overtook China in the amount of US debt they hold even though their overall economies are much smaller than China's.

For comparison:
Japan's GDP is ~$4.2 Trillion and they hold ~$1.2 Trillion in US debt (28.3%)
The UK's GDP is ~$3.5 Trillion and they hold ~$0.8 Trillion in US debt. (24.7%)
Belgium's GDP is ~$0.48 Trillion and they hold ~$0.66 Trillion in US debt. (72.3%)
China's GDP is ~$19.6 Trillion and they hold ~$0.7 Trillion in US debt. (3.5%)

Japan, the UK are total slaves of the US. They are gonna get fucked.

12

u/thesagaconts Mar 11 '26

It’s all he knows.

27

u/Birdisdaword-88 Mar 11 '26

His dumbass will say come and take it now that he has the nuclear codes and he’s stepped over any previous checks and balances like congress or UN approval.

9

u/errie_tholluxe The Jackpot is happening Mar 11 '26

Uhm. Done? They told him that the deficit was going to explode and from what was reported he said will it happen before I'm out of office and they told him no and he said then what do I care?

7

u/cr0ft Mar 11 '26

This has been coming for many decades. The debt has been steadily climbing into unpayable territory for a long time. This is a milestone but it's nothing new.

Our species is going under because we owe ourselves too much of our own money.

1

u/SeVenMadRaBBits Mar 11 '26

Just like his casinos!

718

u/trailsman Mar 11 '26 edited Mar 11 '26

Trump is going to add more than any 4 years ever in history. That includes his prior record of $7.8 Trillion in debt added his last presidency...and at least that one he had the excuse of a pandemic (despite a lot being from tax cuts to the rich & corporations & handouts to businesses with pandemic assistance).

All of that debt and we're about to face the largest job crisis in our history with AI...oh yea and he cut taxes to the rich and corporations again when we're clearly going to face this issue.

Edit: And just so people have context. All other presidents throughout the entire history of the US have added $27.6 Trillion in debt, and Trump during 8 years will surpass $16 Trillion, that 60% of the total of all other history. And his total is IF he doesn't massively expand the military budget or start a multi trillion dollar war in Iran, or there isn't an economic contraction where he unleashes stimulus...likely mainly to wealthy & corporations.

271

u/pinqe Mar 11 '26

Reading “last presidency” still makes me die a little on the inside each time

124

u/trailsman Mar 11 '26

It's astonishing given how poorly he handled the pandemic, yet alone the chaos and stupidity of his "leadership", and still said yes this is a great idea to do again. And it was very clear he was going to cut taxes for the rich & corporations, do tariffs (which are a direct tax of consumers), support oil and gas industry and the further destruction of any chance we have to limit the impacts of global warming, and attack Iran. And the denial just continues as the rhetoric just switched to its a little pain now for a better future, even though it started as everything is going to be fantastic right away.

82

u/[deleted] Mar 11 '26

[removed] — view removed comment

9

u/batlord_typhus Mar 11 '26

This is absolutely true, but Capital decided that backing that stupid was the winning move to achieve their political goals.

1

u/[deleted] Mar 11 '26

[removed] — view removed comment

3

u/batlord_typhus Mar 12 '26

You think "we the people" tell the money what to do? In some idealist utopia this might be possible. I understand we learned this is how it's supposed to work in grade school. Maybe "we the people" can reclaim that heritage by watering and tending the tree of liberty, but this is not that.

Capital created the alternate reality media infrastructure to politically agitate that 55% of the stupid with an addicitive dopamine drip of righteous anger, fear and disgust.

30 years later, that stupid metastasized into an authoritarian cancer to accomplish the political goals of the billionaires.

33

u/opinionsareus Mar 11 '26

Look into "normalcy bias"; it's a cognitive bias that causes people to underestimate the likelihood and impact of disasters, falsely believing that "things will be OK; it leads to inaction, denial, or delayed response during emergencies. Overcoming it requires active preparation, trusting intuition over social cues, and acknowledging potential risks

5

u/trailsman Mar 11 '26

Cognitive dissonance is a huge one too. And it also explains why even though the science, ever since very early on, was very clear about the negative impacts of Covid and the long term damage to the heart, immune system, brain, that people easily ignored it (great article from very early on https://www.theatlantic.com./ideas/archive/2020/07/role-cognitive-dissonance-pandemic/614074/). I also believe some of the negative impacts of Covid on the brain, such as cognitive issues, loss of IQ, are worsening the situation as well.

9

u/[deleted] Mar 11 '26

[deleted]

10

u/drooply Mar 11 '26

A large majority of humans have been conditioned to be docile and dumbed down.

2

u/MagicSPA Mar 11 '26

I heard about normalcy bias but before I check it out I'll see what everyone else thinks about it first.

17

u/RobertDewese Mar 11 '26

I know that there a lot of people in this country who do not vote. I cannot understand how they could possibly be less informed than the people who actively vote against their own interests. It hurts my brain.

2

u/tinaboag Mar 11 '26

Congratulations is a great album

27

u/yapyoba Mar 11 '26

all calculated. it will be up to the next democrat to be fiscally responsible so none of their initiatives get funding

5

u/[deleted] Mar 11 '26

Where's all the money going? It certainly isn't to help the people.

6

u/trailsman Mar 11 '26

To pay the boatload of debt he added and the military are probably the two biggest ones. And the reason why it's so high is because they're are less taxes than there could have been because he cut them for the wealthy and corporations.

6

u/bayhack Mar 11 '26

Well to the excuse of AI but really outsourcing and of course greed.

189

u/LucyJordan614 Mar 11 '26

Our “president” has bankrupted six companies. No one should be surprised that we are just the latest company he’s sucked dry.

55

u/cheifsbelieve7 Mar 11 '26

It's not just Trump's fault, but every president since Nixon has essentially added to the problem. Clinton balanced the budget for a few years at least.

21

u/dolphone Mar 11 '26

I don't mean this personally, but fuck that "all presidents" bullshit.

Even at this stage people will delude themselves into thinking this was just a bad administration. No. This is off the charts bad, not since Reagan bad.

If you think of presidents as drivers of a bus, you're saying most other president drank while driving, but Trump is "I can't believe he isn't dead with that blood alcohol level" kind of drunk. So it's kind of an important distinction to make.

1

u/LucyJordan614 Mar 11 '26

Exactly. This is unfuckingprecedented bad.

3

u/f1shtac000s Mar 11 '26

It's amazing how effective a distraction American political theater is. It has the added benefit that roughly half the country refuses to critique American policy when their team has the ball.

Most Americans don't have even remotely a clue about the underlying mechanics of why the US makes certain policy decisions, and both parties ultimately serve capitalist interests (just different flavors, Dems are the pro-corporate party and Republicans are the pro-oligarch, but I find both pretty distasteful).

1

u/soobnar Mar 22 '26

Clinton did not actually balance the budget (the national debt still grew every year under his administration) though he still reduced the state’s borrowing rate to something that was very sustainable in the long term. Which is still miraculous.

15

u/Trigga1976 Mar 11 '26

Two were Casinos.

8

u/Glodraph Mar 11 '26

How do you bankrupt a money printer that exploits peoples weakness and mental illness?

15

u/malaclypz Mar 11 '26

By funneling all the money to yourself and your homies.

1

u/LucyJordan614 Mar 11 '26

👆👆👆🎯🎯🎯

430

u/toastedzergling Mar 11 '26

bUt wE cAn'T aFfOrD hEALtHcArE!!

160

u/ffchusky Mar 11 '26

Well we can't now. Point for them

79

u/TactlessNachos Mar 11 '26

At this point, we can’t afford to not have a universal healthcare system. The current system is bloated with administration and middle management costs(including creating profits for shareholders). We aren’t saving money with the current system at all. We can’t afford to not to change.

-32

u/Reasonable-Teach7155 Mar 11 '26 edited Mar 11 '26

W a 70% obesity rate, imagine the healthcare system when hordes of mobility scooters descend on the nearest clinic.

Edit: jeez the numbers are disturbing $200 BILLION a year spent on obesity and obesity related illnesses

Half of that is federal spending through Medicaid and Medicare

Some states spend up to 20% of their healthcare funds on this.

This is the real reason we'll never have universal healthcare.

17

u/Karambamamba Mar 11 '26

2

u/HousesRoadsAvenues Mar 11 '26

I am disgusted at myself for laughing at this meme.

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7

u/PlasmaDoughnut Mar 11 '26

What a shitass take, I hope this is sarcasm.

1

u/Reasonable-Teach7155 Mar 11 '26

Do you not follow the science? It's not my take buddy. That's just CDC numbers. If you're one of those numbers, that sucks but I didn't make it up. Obesity is a disease that's a net drain on society. You can't avoid that nor can the impact be ignored.

1

u/PlasmaDoughnut Mar 11 '26

"its not my take" - Your argument was that the reason why we wont have universal healthcare is because of obesity related spending. Which is still a ridiculous reason? Thats what I replied to.

"Obesity is a disease thats a net drain on society" - I guess? Isnt this true for all the diseases?

Your real reason is not fat people, but the highly privatised healthcare and gigantic pharmaceutical industry, health insurance industry. So money in other words, but not anyone's money. These markets are worth trillions of dollars. Guess who are the ones that are profiting off of ill people? Capitalist shareholders and capital owners. You really think that one of the richest and most developed country in the world could not afford free healthcare for its citizens? Because of obese people? Give me a break. The US can somehow spend around 900 billions for its military every year, just to put things into perspective.

There are European countries with the GDP of a single or a few US states that have free healthcare. Another thing, just check insulin prices around the world if you havent already.

The thing is US society has allowed a lot more room for their political and economic upper classes to exploit them than other countries. The populace is allowing this for the rich with not resisiting, pushing back or organizing actively.

Just to demonstrate how little political power is left in the hands of American people, the government cant even be stopped from starting and waging wars around the globe.

1

u/intelw1zard Mar 13 '26

Even ISIS gave residents free healthcare when they took over Raqqa lol

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10

u/discardedcumrag Mar 11 '26

Serious question: for all the debt America is in, what benefits are the American people seeing? What are you getting in return for this debt load?

20

u/pali1d Mar 11 '26

We are really good at hurting brown people and making billionaires even richer.

I’m sure some of us consider those benefits.

195

u/ScarletCarsonRose Mar 11 '26

And what did we get for all this debt?

142

u/ibonek_naw_ibo Mar 11 '26

A dow at 50 thousand dollars

51

u/-Wayward_Son- Mar 11 '26

*48 thousand

15

u/ironmagnesiumzinc Mar 11 '26

The DOW is lower than it was when Biden left on Jan 20 last year. So they even fucked that lmao

2

u/FlarkingSmoo Mar 11 '26

No it isn't. But I wouldn't be surprised if it ends up that way

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89

u/PixeledPathogen Mar 11 '26

Fat pedophiles in the 1% and a surveillance state

190

u/an-invisible-hand Mar 11 '26

Ask not what your country can do for you — ask what your country can do for Israel

3

u/HousesRoadsAvenues Mar 11 '26

OUCH!!! Too much truth!

27

u/Intrepid-Educator-12 Mar 11 '26

We are witnessing the USA fall as an empire. And Trump is precipitating it .

26

u/N7_MintberryCrunch Mar 11 '26

Nope. USA was already in decline long before the rapist pedo. Trump just strapped a few rockets to speed up the process.

14

u/Deruji Mar 11 '26

Tomahawks right towards a school, as is tradition

14

u/New-Firefighter-520 Mar 11 '26

Israel got universal healthcare (not America though lmao)

-9

u/sotek2345 Mar 11 '26

Most powerful military in the history of the world, by a lot.

Not saying it was worth it, but it is true.

5

u/[deleted] Mar 11 '26

Most powerful military in the history of the world, by a lot.

So far

10

u/ScarletCarsonRose Mar 11 '26

Which matters little in cyber and asymmetric warfare. I can’t remember the total but I think 9/11 was pulled off for less than a million dollars. 

2

u/HousesRoadsAvenues Mar 11 '26

By some very determined, single minded men. :(

246

u/PixeledPathogen Mar 11 '26

The US national debt has crossed 100% of GDP, and the pace of accumulation is unlike anything seen before. As of March 4, 2026, total gross national debt sits at $38.86 trillion, up $2.64 trillion year over year and $10.86 trillion higher than five years ago. That works out to $7.23 billion per day, $301.39 million per hour, and $83,720.62 per second.

193

u/Msbossyboots Mar 11 '26

Remember when republicans used to care about this?

131

u/vinegar The real collapse is the friends we ate along the way Mar 11 '26

Hey c’mon, republicans care about debt whenever a democrat is elected

25

u/Msbossyboots Mar 11 '26

Oh you’re right! I forgot!

17

u/GoTeamLightningbolt Mar 11 '26

It is all mouth noises lol. Sound and fury signifying nothing.

11

u/CliftonForce Mar 11 '26

They are still blaming Biden for this.

9

u/Msbossyboots Mar 11 '26

They blame him for everything. Republicans can’t take responsibility for anything!!

33

u/MrDarkzideTV Mar 11 '26

Legitimately they haven’t for 60 years.

8

u/FlarkingSmoo Mar 11 '26

No. I remember when they pretended to

18

u/Sovos Mar 11 '26

Data from the St. Louis Federal Reserve shows this happened around late 2012.

2

u/thegrumpycrumpet Mar 11 '26

That breaks down to about $113,000 per American.

64

u/Caymonki Mar 11 '26

The party of fiscal responsibility strikes again. It’s a good thing DOGE set the government up (to funnel any assets remaining to the wealthy who already took most of the stuff) for success!

It’s so much more efficient!

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56

u/stopbeingaturddamnit Mar 11 '26

Running the country like private equity.

49

u/CyberSmith31337 Mar 11 '26

Earlier today I was reading about how the US government is now borrowing $50,000,000,000.00 dollars a week.

Just picture that for a moment. There are entire countries who spend less than that per year. Imagine all the services we could offer and provide our citizens if we had a functional government and efficient tax system. Instead, we send it all to the oligarchs and their corporations. It's just the most mind-numbing bullshit of all time.

65

u/StrongAroma Mar 11 '26

Well that does not seem sustainable or investable

84

u/BBR0DR1GUEZ Mar 11 '26

Don't worry, we're also crippling stability of the petrodollar in an evangelical holy war for Israel.

27

u/MaddogBC Mar 11 '26

And alienating every single non DICKtatorial country in the world. And when I say alienating I mean teaching their children how awful you are.

8

u/ToIA Mar 11 '26

Or reversible! Don't forget reversible!

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24

u/Someones_Dream_Guy DOOMer Mar 11 '26

Good. Make it higher. I want at least 500%.

14

u/No_Bend_2902 Mar 11 '26

Always knew the Republicans had it in them to achieve this goal

17

u/victoriaisme2 Mar 11 '26

Imagine how happy all his 'fiscally conservative' supporters must be.

12

u/jkvincent Mar 11 '26

FISCAL CONSERVATISM

27

u/RadioName Mar 11 '26

The GOP is finally achieving it's lifelong goal: Kill America, steal everything from the corpse, create the Confederate fiefdoms of techno-Christo-feudalism land.

12

u/postconsumerwat Mar 11 '26

maga destroys own country!

8

u/RadioName Mar 11 '26

Democratic America was never their country. Traitors all.

11

u/DreamHollow4219 Nothing Beside Remains Mar 11 '26

They're really gonna burn the whole country to the ground, huh?

2

u/Azure_Mar Mar 12 '26

Wasn't that always the plan?

8

u/themightybamboozler Mar 11 '26

So genuine question because I don’t actually know. There has to be a point where it doesn’t matter how much debt you owe. The US is the biggest consumer economy in the world, if they just didn’t pay it, who could even leverage consequences?

26

u/OverInteractionR Mar 11 '26 edited Mar 11 '26

It will effect us directly.

We won't be able to pay for weather emergencies, national emergencies(sleeper cell attacks), recessions, pandemics, etc.. If that happens people will be left to die.

Inflation will get much worse, we will see levels of homeless we have never seen before. Especially due to the Ai boom, there won't be enough jobs. The federal government has 3 million civilian jobs, they won't be able to pay them. On top of that, tons of businesses rely on the government for funds or other things to run, they'll stop. The effect of some businesses closing create a butterfly effect. A coal mine shuts down because they relied on government subsidies to help them, mine workers are laid off. Railroad workers get laid off. No railroad, 500 more businesses close. Power plants can't get their coal, now there's power outages. People can't afford the goods anyway, keep shutting down.

Public services in general will stop. Public parks not being mowed, public buildings dilapidated, no food stamps, streets not being maintained(potholes, bridges decaying). No street lights, USPS stopping service, etc. Oh that street lamp fell blocking the road? That's ok there's nobody being paid to move it. Oh no my house burnt down, but now half of our fire stations are shut down and it'll take 6 hours for help. A burglar just broke into my house and shot my wife! Oh that's ok, cops won't be there until tomorrow so just sit there and stare at her.

There will be no social security, the elder community will be homeless and starve. No Medicaid. Schools will close.

Government run protections, like the FDA and CDC will be cut to nothing. Food won't be safe, regulations won't be enforced. And guess what? It wouldn't matter anyway because farm workers aren't paid anymore and aren't farming. They don't have truck drivers or grain elevators to deliver and store the goods. We will get what food we get and hope we don't get sick. We will learn how to survive the way people did here a hundred years ago. There will be gardens in everybody's yard and we will learn how to can. A skill most have forgotten.

Future generations will be fucked. Of course this is all worst case scenario if we continue on this path for the next 10 years, however we all know we are continuing down it.

7

u/RadioName Mar 11 '26

We've hit your first two already and will see the rest within 3 years.

5

u/OverInteractionR Mar 11 '26

That's no shit. It's scary to think about it getting that bad, but I recommend everybody in this sub also visit the prepping/preppers ones and try to start preparing if they haven't already.

It's all shit we can live through for our future generation, just a matter of trying and learning.

1

u/jgs952 Mar 11 '26

None of this is at all coherent with the reality of how the US monetary system works.

The US government can always "afford" to purchase anything for sale in US dollars at current prices. There's no mechanism at all that prevents the US government meeting its nominal dollar denominated payment obligations.

What matters is how you organise your production systems so that the real resources those dollars are employed to purchase are available in a non-inflationary way.

A rising public debt to GDP ratio is of no intrinsic concern at all. It reflects a growing aggregate net savings rate that is often higher in times of weak firm and consumer confidence and low investment.

People really have so many misconceptions about all this it's crazy. Please do ask any questions if you're curious to understand more.

2

u/HousesRoadsAvenues Mar 11 '26

My brain is fried by it all.

1

u/PantsLio Mar 11 '26

Have you read Parable of the Sower by Butler? So prescient.

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10

u/mapleleaffem Mar 11 '26

Wow! America are you tired of winning yet?!

7

u/air_lock Mar 11 '26

Id love to think those involved will get what’s coming to them.. but conventional wisdom says they most likely won’t. Bad people almost always somehow get away with it.

14

u/peasantscum851123 Mar 11 '26 edited Mar 11 '26

Remember when you zoom out every presidency had a larger deficit than the previous since 2000.

This is not just a failure of a president (of course he is the worst so far), this is capitalism failing, all it can do is print trillions as a last hurrah. USA is just speedrunning capitalism, so it’s ahead of the pack, but they will follow.

7

u/CarneyVore14 Mar 11 '26

But he will fix the economy so let’s vote for him, right?

6

u/myrainyday Mar 11 '26

I have read somewhere that when a country is in a big dept it tends to go to wars. This sometimes allows to postpone payments or cancel them.

8

u/squailtaint Mar 11 '26

Well, from a very basic simple example, if I owe someone alot of money, but instead of paying them I kill them and take everything they own, then am I still indebted?

6

u/iVikingr Mar 11 '26

I'm confused: didn't this already happen years ago?

The Federal Reserve Bank of St. Louis is showing that the debt to GDP ratio was already dancing around the 100% point between 2012-2015, at the end of which it definitely exceeded it, and was sitting at around 122% as of Q4 '25.

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

6

u/No-Candidate6257 Mar 11 '26

That wouldn't in itself be a problem.

However, the runaway debt means that net interest payments on debt are now the second biggest item in the US budget.

  1. Social Security Benefits 1,569 22.4%
  2. Net Interest on Debt 1,028 14.7%
  3. Medicare (net) 992 14.2%
  4. Medicaid 668 9.5%
  5. DoD Military 868 12.4%
  6. Veterans Affairs 377 5.4%
  7. Refundable Tax Credits 225 3.2%
  8. Dept. of Agriculture 227 3.2%
  9. Dept. of Homeland Security 115 1.6%
  10. Dept. of Education 35 0.5%

A higher percentage of the US budget goes to paying back interest on loans than medicare.

5

u/you90000 Mar 11 '26

Thanks Trump, doing exactly the 100% opposite of what you ran for.

Grifters gunna grift.

6

u/CoolAndCringe Mar 11 '26

B-but Pete Hegseth NEEDS his lobster and steaks!!! Guess we should cut more of those pesky social security benefits!

8

u/Dreadsin Mar 11 '26

Wasn’t DOGE supposed to cut all that “wasteful spending”?

12

u/Velocipedique Mar 11 '26

More likely a ruse to collect data bases on every US citizen.

5

u/Dangermouse0 Mar 11 '26

Yes, this! musk likely already gave thiel people’s ss and Medicare info to track and spy on them. They want all the data by hook or by crook.

3

u/The3DBanker Mar 11 '26

You know what this proves, right?

Capitalism is bullshit.

3

u/DonBoy30 Mar 11 '26

What, you thought pedophiles only rape kids? They’re who schtick is raping people of a future.

3

u/McCrackenYouUp Mar 11 '26

Reddit won't let me suggest what I think should happen to MAGA's for claiming we can't afford things (it's not very severe so it's honestly pathetic they censor it) like healthcare, education, or housing. Make sure they know that THEY are going to be paying out of their own pockets.

2

u/NyriasNeo Mar 11 '26

From google

"Total U.S. federal spending is projected to be approximately 23.3% of GDP ($7.4 trillion) in FY 2026"

"As of early 2026, U.S. federal budget interest payments are consuming approximately 17% to 19% of total federal revenue"

As a point of comparison:

"National defense spending accounts for approximately 13% to 14% of the total U.S. federal budget"

Interests payment is now the 3rd biggest after healthcare (1st, includes Medicare, Medicaid, ACA subsidies, etc.) and social security (2nd)

2

u/justaguytrying2getby Mar 11 '26

the Buffett indicator is through the roof too

2

u/TheJewBakka Mar 11 '26

We did it guys!

2

u/nahurdonek Mar 11 '26

Can’t believe dude thought he deserved the Nobel peace prize.

2

u/wait_whatwait Mar 11 '26

Interesting that Elon got that guy elected presumably to cut the debt and got the most debt added by a president ever. He only managed to cut aid to the ones who needed most.

2

u/Hinin Mar 11 '26

probably because Musk is making his fortune with public money

2

u/notjordansime Mar 11 '26

thanks, Obama

2

u/Jonnie_Rocket Mar 11 '26

But where is all the money going?

It's not going to public services.

3

u/Xerazal Mar 11 '26

Tax cuts, war, domestic police state

2

u/AstralVenture Mar 11 '26

Luckily most of it is owed to institutions within the U.S.

1

u/haroldthehampster Mar 11 '26

well thats two months early smh

1

u/ClarenceBoddicker42 Mar 11 '26

So much winning!

1

u/xwing_n_it Mar 11 '26

Better stop funding the Pentagon ASAP. Apologize to the world and beg them not to invade us.

1

u/FromTheFoot Mar 11 '26

We are SO fucked and DJT can’t just skate on bankruptcy like his businesses….

1

u/MagicSPA Mar 11 '26

That's odd. Didn't Trump insist he was "the King of Debt" and that he'd get the ENTIRE national debt paid down "within 8 years"?

1

u/asganon Mar 11 '26

Richest country in the world, in 100-200 years of debt 🧠

1

u/WorkingSock1 Mar 11 '26

So I only need like 5 seconds to pay for my student loans and interest.

1

u/spiralcurve Mar 11 '26

The dollar is going to be worthless when we keep printing more money instead of making hard choices. No politician wants to touch that reality.

1

u/Nice-Ad-2792 Mar 11 '26

IMO the greatest defense to national debt for the common citizens, is to own valuable material goods, because even if the dollar defaults, any material items (yes even automobiles) will remain valuable and useful and can be eventually liquidated into whatever new currency will replace the dollar.

1

u/BayouGal Mar 12 '26

Unlike anything since Trump 1.0.

1

u/BlackDS Mar 12 '26

I thought we already crossed this tbh

1

u/mahartma Mar 12 '26 edited Mar 12 '26

Lol@ casually racking up another $11 Trillion since Covid ended, during a time when nothing happened (except sending some old Bradleys and ammo to Ukraine)

1

u/Public_Opening129 Mar 13 '26

that can’t be good.