How many of you have heard the following commercial...

[healthmyths]

"How many times has the US Debt been greater than gross national product? Two times:
1) Right after WWII
2) And now."

So what does really mean?
The $35 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.

What Is the U.S. National Debt Right Now — and Why Is It So High?

See the latest numbers and learn more about the causes of our high and rising national debt.

www.pgpf.org

U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
Notably, approximately 75% of the $32 trillion-plus total federal debt is domestically held.

https://www.barrons.com/articles/net-wealth-is-over-135-trillion-where-that-money-resides-d722c9c6

This means the $135 Trillion of assets after liabilities is nearly 3 times the amount of US Debt.
In 2023, the federal government spent $658 billion on net interest costs on the national debt or 1.88% in interest on $35 trillion of national debt.
Isn't there something that can be done... Like:
1) Stop spending more than the revenue we pay.
2) or charge a Federal Debt reduction tax

 

[TroglocratsRdumb]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

 

[BluesLegend]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

Obama and Democrats came up with a brilliant plan...rather than run on unpopular tax increases now, just borrow and spend all the money and FORCE the tax increases later by claiming we must pay our bills.

 

[Donald H]

The only relevant part of this is being ignored by the working class. Ovr 90% of the net wealth is in the hands of a few very wealthy Americans.

But of course Trump is going to fix that but he will have to wait until his last few days in office! Have faith!

And if Trump is late by a few days, the next president will be doing it in his first 100 days!

 

[Lesh]

Does anyone realize that the debt from WWII was never repaid?

Over time inflation made it irrelevant

 

[whitehall]

Actor Bill Devane is trying to sell gold and silver. It beats former governor Huckabee trying to sell junk pills that are supposed to offer a better night sleep. In a just world the advertisers would be required to state the amount of compensation given to the celebs who sell us stuff they probably don't use themselves.

 

[Dont Taz Me Bro]

The greedy corrupt Democrat Party doesn't care about the national debt.
They treat the taxpayers like they are their slave.

So there's no difference between them and the Republicans.