US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame - Foreign Affairs - Nairaland
Nairaland Forum › Nairaland General › Politics › Foreign Affairs › US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame (177 Views)
| US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by FreeStuffsNG(op): 12:34am On May 01 |
US debt exceeds 100 percent of GDP by Ryan Mancini 04/30/26 WASHINGTON—The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II. As of March 31, the country’s publicly held debt was $31.265 trillion, while GDP over the preceding year was $31.216 trillion, according to data released Thursday. That puts the ratio at 100.2%, compared with 99.5% when the last fiscal year ended Sept. 30. That figure will likely climb for the foreseeable future because the federal government is running historically large annual deficits of nearly 6% of GDP, which add to the debt. The U.S. national debt crossed 100 percent of gross domestic product (GDP) at the end of March, with signs that it might cross the record of 106 percent of GDP reached immediately after World War II. The Bureau of Economic Analysis released data on the national debt reaching 100.2 percent of GDP on Thursday, noting that debt held by the public on March 31 was $31.27 trillion. GDP over the last year was $31.22 trillion. The national debt was at 99.5 percent of GDP at the end of fiscal 2025 in September. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said the borrowing did not come from “a seismic global conflict, but rather a total bipartisan abdication of making hard choices.” “It’s happened — the national debt is now larger than the U.S. economy, about twice the historic average,” she said in a statement reacting to the news. “We’ve heard plenty of alarm bells in the past few years about our fiscal path, but this one rings especially loudly,” MacGuineas continued. “The real question is whether or not our leaders in Washington will listen.” A daily statement from the Treasury Department last month revealed that the U.S. national debt surpassed $39 trillion, a record reached just five months after the debt sailed past the $38 trillion mark. The government spends $1.33 for every dollar collected as revenue, with the budget deficit projected at $1.9 trillion this year, The Wall Street Journal reported. Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget, told the Journal that it is “uncharted territory” and a “scary place to be.” “The higher we allow our debt to grow, the more we erode our own prosperity and that of future generations,” MacGuineas said in her statement. “Rising debt compromises affordability by slowing income growth, pushing up interest rates, and increasing inflationary pressures. Debt squeezes our budgets with massive interest costs.” She added that rising debt exposes the U.S. “to challenges from geopolitical rivals” and will require “corrective action,” otherwise it could kick off a fiscal crisis MacGuineas called “devastating.” In February, the Congressional Budget Office (CBO) warned that if remained unchanged, the debt held by the public will rise to 108 percent of GDP by 2030 and 120 percent by 2036. The deficit would reach $3.1 trillion by 2036. “Our budget projections continue to indicate that the fiscal trajectory is not sustainable,” CBO Director Phillip Swagel said in a statement at the time. The CBO determined that the changes were driven by the One Big Beautiful Bill Act signed into law last July, as well as higher tariffs and lower immigration rates. https://thehill.com/business/5857998-us-national-debt-gdp/ Myndd44 nlfpmod
|
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by FreeStuffsNG(op): 12:34am On May 01 |
The CBO determined that the changes were driven by the Trump's One Big Beautiful Bill Act signed into law last July, as well as higher tariffs and lower immigration rates. Whatever is doing good then handed over to Trump and he does not destroy does not exist. His government is bearing a curse from the martyred Supreme Leader of Iran. I pray he finds healing.
|
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by HacheNoire: 12:38am On May 01 |
Even our Great country Nigeria does not have debt ahead of GDP. Thanks to the administration of His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by Namaster: 12:54am On May 01 |
Time to INVADE more oil rich countries. They'll need to either fight VERY HARD to steal Iran's oil and move it out QUICKLY before Iran blows both them and the oil to kingdom come. Or DECLARE Saudi Arabia as a terrorist nation and STEAL their oil. The PDFile and his Epstein Administration have an infinite wealth GLITCH. If the STOLEN oil is not enough, they'll just bring back SLAVERY. CHA-CHING! |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by HacheNoire: 1:23am On May 01 |
Namaster:You are a prophet! You already know what they would be going for! STEALING Nigeria, South Africa, Angola and Gabon are not even safe. They only have to raise a false alarm and use pretext to take over resources. They have played and replayed the act severally. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by Jakarta: 1:31am On May 01 |
The US leads others follow, if they could handle it during world war 2 even at 106% trust them to still handle this. The most important thing is their debt service to revenue ratio, and investors confidence. The US is not a disgraced country of concern, that is spending well over half of her federal revenue on servicing debts. Power minister no dey carry power bank Waka for US. The US will not borrow billions to build coastal highways that will be overrun by terrorists, ODOGU world power for a reason. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by FreeStuffsNG(op): 2:54am On May 01 |
Jakarta:Many naive and short-sighted people thought the British Empire will rule forever and missed the opportunity to witness its fall we see today. All the signs were there that US was a dying empire. Trump helped to accelerate it and nail the coffin. Iran has effectively blocked the free petrodollars and pushed it to yuan. Now you can see why China did not bother to waste its weapons engaging US. Trump is enough potent weapon to destroy US. It came to pass. In the next couple of weeks, Trump will either be forced to resign or impeached. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by orisa37: 4:57am On May 01 |
WE CALL THAT "JARA" MEANING WINDFALL ON GDP AND IT IS GOOD. DON'T WORRY ABOUT U.S U.S IS A GOOD CHILD OF UK. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by Jakarta: 8:04am On May 01 |
FreeStuffsNG:Lol!! are you scared of using the fall of The Soviet Union (USSR) as an example? The United States still remains: The world’s dominant reserve currency, The deepest capital markets, Has the leading technology firms, Global military reach, Energy production, And even strong universities/research systems. Even countries that want alternatives to the dollar including China and your putin Russia still operate heavily inside a dollar dominated financial system. My friend no doubt, nothing last forever. But swallow this bitter pill, the collapse of US will not happen in your lifetime or that of even your grand kids. You should be more bothered about the collapse of your disgraced country of concern, instead of the US, Abi Na your collapse? As for the impeachment of Trump in a couple of weeks time, are you ready to place a bet with your life? E go still worth something to my dogs if properly grilled. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by ResidentSnitch(f): 8:23am On May 01 |
Thanks to the " arm-chair war experts " here in Nigeria goading US to doom through unnecessary wars. They'll not rest until Trump finally turns US to a third world country. |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by 89green: 10:21am On May 01 |
This is a big problem for them, one of the long term effects as highlighted via Google 1. Reduced Economic Growth (Fiscal Drag) Crowding Out: Every dollar of government deficit spending is estimated by the CBO to "crowd out" roughly 33 cents of private investment. Growth Slowdown: Research indicates that for advanced economies, debt exceeding 75-80% of GDP acts as a "tipping point" that hinders growth. Living Standards: High debt-to-GDP ratios are associated with an estimated 0.8 percentage point reduction in annual real GDP growth, which compound to significantly lower standards of living for future generations. Them don carry all their money fight war finish |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by victory36(m): 11:29am On May 01 |
This post can't be real . No human can be this daft.HacheNoire: |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by victory36(m): 11:32am On May 01 |
. You forgot increasing tariffs to 120%Namaster: |
| Re: US Debt Exceeds 100 Percent Of GDP, US Budget,Tariffs, Low Immigration To Blame by FreeStuffsNG(op): 1:04pm On May 01 |
victory36:Tariffs that was being paid by his own people before the US Supreme Court threw it out. Most of those businesses are in severe strain today. |
Deportation: Trump Authorises Immigration To Raid Hospitals, Churches, Schools • US National Debt Exceeds $32 Trillion Amidst Ukraine War Funding • Only 3 Percent Of Americans Believe Trump Beat Biden • 2 • 3 • 4
US Strikes Again In Iran • As Sick In The Last Months Of 2019 And Early 2020. • I’m Merely Saying, It Was Her