Much has been made (but not enough) about the US debt, most lately in the headlines because it has passed the, well, I’ll let the soon-to-be-overlord explain:
As of late April 2026, the U.S. national debt held by the public has officially surpassed $31 trillion, exceeding the total annual economic output (GDP) for the first time since World War II. Total gross debt has surpassed $39 trillion, with rising interest costs and spending contributing to a debt-to-GDP ratio surpassing 100%.
Who owns it? It used to be largely us. That, too, has changed.
Visual courtesy Visual Capitalist.
