The Debt! Oh my achin’ Debt!

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.

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My plan is to pay off my share of the National Debt when my expiration date arrives! But I’m torn between the amount on a per person basis or the amount per household. I’m a single person household!

JimA

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Look where we are headed:

I do not think I have ever had this thought before. Long term, I was for no way to tax me, bucko.

But now, looking at that graph. Oh, me oh my…tax the rich!

But in a way that builds factories and pays for R&D while incentivizing worker productivity.

Did I say that?

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