Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Bluetus

(3,344 posts)
35. The deeficit is almost $2 trillion a year.
Mon Jun 22, 2026, 10:28 PM
Jun 22

Our national debt is a touch under $40 trillion.
Our GDP is about $32 trillion. When a country's national debt is greater than the annual GDP, we consider that a failed economy. Our debt iw 125% of GDP.

Nothing really prevents deficit spending, as Reagan proved. Many economists believe that when you debt gets above 110% ,you end up spending so much on debt service that the only choice is to keep "printing" money, and eventually that collapses.

So when you ask, "How much is left in teh treasury?", another way to ask that question is, how much longer will other nations keep buying our T-bills. Foreign nations own about $8 trillion of our debt outright. But there are trillions more in the hands of oligarchs all over the world, and they often conspire as a group -- see Davos.
https://usafacts.org/articles/which-countries-own-the-most-us-debt/

Recommendations

4 members have recommended this reply (displayed in chronological order):

Interestingly the US does have a treaty with Albania TBF Jun 22 #1
Moscow ain't safe.. If Ukraine knew a trump is on a jet ..... a drone could go 'rouge' dave99 Jun 22 #14
Trump will recognize the independent Republic of Ivanka and provide billions in economic and military aid. Marcuse Jun 22 #37
Much like Trump is doing covertly popsdenver Tuesday #50
Very interesting! Is this the first lash out against the ultrarich finally?! I hope so. Way too much attention and SWBTATTReg Jun 22 #2
I am so proud of these people. Baitball Blogger Jun 22 #3
Me too - so proud. iluvtennis Jun 22 #8
Ivanka said she and Jared KT2000 Jun 22 #12
Somebody should have asked princess sparkle pony exactly how one niyad Jun 22 #31
Same way Columbus discovered America. Amaryllis Tuesday #48
"discovered the island" 🙄😑😑😑 electric_blue68 Tuesday #53
Because Americans are easy to bowl over, and they assume everyone is like Americans.. FuzzyRabbit Jun 22 #19
Sadly, he may end up using an army American dollars pay for questionseverything Jun 22 #34
Because they think they are entitled and they tried to pull one over on the Albanian people hookaleft Tuesday #38
Hear, hear. peppertree Tuesday #40
I just hope they don't get prosecuted MadameButterfly Tuesday #45
Thank you Albania! Initech Jun 22 #4
Jared should just go and "chat with the locals" they seem like they might want to talk to him. Botany Jun 22 #5
Wow SuzyandPuffpuff Jun 22 #6
Hasn't the Albanian government put a freeze on this? mwmisses4289 Jun 22 #7
i recall reading that as well. mopinko Jun 22 #13
Oh, my, do I sense trouble in paradise? Vinca Jun 22 #9
The rich want their climate change refugia orthoclad Jun 22 #10
How safe are islands when climate change causes ocean levels to rise? wnylib Tuesday #43
Mountainous islands orthoclad Tuesday #54
Best comment: ananda Jun 22 #11
They've wakened the Children of the Mountain Eagle. tsk-tsk.... n/t TygrBright Jun 22 #15
They burned their Prime Minister's house down for making this "deal" IbogaProject Jun 22 #16
Seriously? MadameButterfly Tuesday #46
Not burned down IbogaProject Tuesday #47
Crowd photo of protesters from CNBC: chia Jun 22 #17
Ivanka is heading to be a modern day Marie Antoinette ToxMarz Jun 22 #18
Scrawny neck and all. Won't take a guillotine. erronis Jun 22 #20
Just a pair of cuticle scissors evolves Jun 22 #24
I'd rather see Trump in a wig. nt Callie1979 Jun 22 #33
That's great! red dog 1 Jun 22 #21
"Remember to toss the distributor caps and wires for all the heavy equipment down a different hill." GenThePerservering Jun 22 #22
Oh, what a beautiful morning BaronChocula Jun 22 #23
Nicely played malaise Tuesday #44
: ) BaronChocula Tuesday #51
THE MONKEY WRENCH GANG RIDES AGAIN! GiqueCee Jun 22 #25
THe key point is that none of these MFers has any allegiance to the US Bluetus Jun 22 #26
Well said!! vapor2 Jun 22 #30
The deeficit is almost $2 trillion a year. Bluetus Jun 22 #35
Destroy it all! wolfie001 Jun 22 #27
Kick SheltieLover Jun 22 #28
Albania is flirting with war and a 300 billion dollar payoff. Sneederbunk Jun 22 #29
The mouse that roared questionseverything Tuesday #41
Maybe try a new island, Jarvanka. I hear North Sentinel Island is nice. flvegan Jun 22 #32
Lots of friendly natives, too, RazorbackExpat Tuesday #42
Translation: We no like!!! oasis Jun 22 #36
Imagine if we the people rose up and took care of some business in a similar fashion.... Blue Owl Tuesday #39
You are asking the right question! I am so ashamed of our apathy. 1WorldHope Tuesday #49
It woulld be better if Jared and Ivaaaankaa were in the box. twodogsbarking Tuesday #52
Latest Discussions»General Discussion»Let's check in on how Jar...»Reply #35