DISMAL DEBT
05/04/2026 |
On 3/31/26, publicly held US debt totaled $31.265 trillion, and GDP was $31.216 trillion, putting the debt/GDP ratio at 100.2%. It’s fast approaching the post-WWII 1946 peak of 106.1%. At present, 1/7th of all federal spending is interest payments. The deficit is currently 5.8% of GDP. To stabilize the debt/GDP ratio the deficit must shrink by $560 billion to 4%. That means a combination of spending cuts/tax hikes totaling $1,650/person.