United States National Debt - Latest Total

[MrW]

No. Our government will find other ways to waste the money.

That's true too. Maybe they would waste it on some vets, for a change.

I read years ago that every time Congress raised taxes a dollar, they raised spending a dollar and a half, or something to that effect. Whatever, it was counter-effective.

 

[JonC]

That's true too. Maybe they would waste it on some vets, for a change.

I read years ago that every time Congress raised taxes a dollar, they raised spending a dollar and a half, or something to that effect. Whatever, it was counter-effective.

I suspect they'd find a way to line their own pockets.

 

[MrW]

"People are more likely to be right in what they affirm than in what they deny." F.D. Maurice

I affirm eternal life for those who are born again believers. Silverhair unfortunately denies eternal life to some and translates it to temporary life.

The fact is, Christ promised His sheep eternal life, so if they have ever been saved, they have eternal life, not temporary life.

 

[KenH]

United States National Debt - Latest Amount

 

[KenH]

 

[JonC]

Yep.. . We are almost back where we were in 2020 (3.24% to go).

Note: this is debt to gdp (the actual way to measure debt...e.g., owing on a 500k home if you make $25k a year vs if you make 800k a year isn't the same financial situation).

The difference, though, is 2020 reflected COVID, where as we don't have that excuse today.

 

[KenH]

The U.S. economy is $29 trillion. Thus, the U.S. national debt is 121% of the U.S. national economy. And the national debt is growing much faster than the national economy.

 

[JonC]

The U.S. economy is $29 trillion. Thus, the U.S. national debt is 121% of the U.S. national economy. And the national debt is growing much faster than the national economy.

Yep. We are tracking to reach 2020 (126.24%) and keep on going.

Trump left us at our highest debt rate in history (2020) and I think Biden is on track to exceed or meet that.

COVID had a lot to do with Trump holding the debt record in history. BUT even before COVID Trump had brought us back to post WW2 1936 debt.


Problem is both political parties seem to want to spend in order to buy support.

 

[KenH]

The Republicans and the Democrats may disagree on a lot of stuff, but they certainly agree on growing the national debt of the United States.

 

[KenH]

United States National Debt - Latest Amount.

 

[KenH]

During fiscal year 2024, the Republican and Democratic Parties added $2.3 trillion to the United States national debt.

 

[KenH]

The national debt increased $243 billion in the first 11 days of the 2025 fiscal year. At that pace, extrapolated over 365 days, the national debt is increasing at the rate of $8 trillion for the total 2025 fiscal year.

 

[Piers Plowman]

If I owe a bank $100 and can't pay it back, that's my problem.
If I owe a bank a million and can't pay it back, that's now the bank's problem.
Same story here, methinks. If U.S. ignores this deficit... is there a way for other nations to hold it accountable...?

 

[KenH]

Neither major party U.S. presidential candidate is talking about this; neither has put forth a plan to balance the federal budget over the next four years, the length of a presidential term in office. And, other than a few oddballs like me, no one among the American people is talking about this. If you are still alive when this national debt fiasco comes to a head, you will wish that you, and the politicians, had been talking about it.

 

[KenH]

Latest United States National Debt Amount.