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Celerity

(54,936 posts)

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

Reply to kentuck (Original post)

Thu May 21, 2026, 12:20 PM

Thursday

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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dalton99a MichMan AZJonnie

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Highlight:

For the first time since the end of WWII, our national debt is more than our GDP... [View all] kentuck Thursday OP

we will not be able to raise the capital to fix all of his horse shit. rampartd Thursday #1

Whoa! Traildogbob Thursday #2

The Party of Fiscal Responsibility is now the Party of Looters and Drunken Whores dalton99a Thursday #3

And we can thank the "Fiscal Responsible Party for this". republianmushroom Thursday #4

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

Congress is just as responsibl MichMan Thursday #6