#federaldebt — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #federaldebt, aggregated by home.social.
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Fiscal responsibility and tax cuts
Needless to say most Americans are not aware of all this, don’t actually care and have no idea of the crisis we are possibly facing living on debt. We are headed to a very precarious place. As of late August 2026 Total national debt - Over $40 trillion Debt held by the public - About $32.3 trillion Intragovernmental debt - About $7.8 trillion Projected FY 2026 deficit - About $1.9 trillion Deficit as % of GDP - 5.8% Projected net interest cost, FY 2026 - About $1.0 trillion Debt […]https://quinnscommentary.net/2026/09/02/fiscal-responsibility-and-tax-cuts/