About Our Debt In Relation To GDP

[gab13by13]

Republicans used to falsely bash Democrats for raising the debt, back then our GDP covered the interest on our debt.

Recently, Magats have increased the debt by a trillion dollars to over 38 trillion and there is a big difference today, our GDP doesn't cover the interest on our debt. Our deficit is above 7% of our GDP, and it's projected to stay that way for years, especially with Magats looting our treasury.

Guaranteed you won't see talk of this from the MSM.

[lapfog_1]

1. The USA GDP is over 30 T per year

The interest on the accumulated debt of the government is crossing the $1Trillion dollar per year mark.

Yes we need to pay down the debt... cut military spending, eliminate ICE, and even look at how to restructure some favorite democratic programs. It will hurt, but we need to not only quit running a deficit, but actually run a surplus for years, decades. It took decades to get into the this mess, it may take decades to get out. DOGE was the wrong and stupid approach.

We can also make some strategic investments, like health care where we cut out ( or vastly reduce ) the health insurance industry... while passing that money into a Medicare for all program, increase taxes on some streams of income not currently taxed or taxed too low, etc. Not austerity, and not radical cuts, but strategic cuts plus additional revenue to bring us to surplus... and run that surplus for 40 years or more.