Money For the Rest of Us · Wednesday, August 26, 2026
The U.S. national debt has surpassed $40 trillion, a significant increase from $10 trillion in 2010. While the gross debt is 123% of GDP, the publicly traded debt stands at 99% of GDP, which the speaker notes is manageable and has been higher in the past.
“The U.S. national debt exceeded 40 trillion dollars.”
“The recent minutes for the Federal Reserve Open Market Committee, the staff pointed out that the the makeup of the government debt market, who's buying it? It's less official public sector and more private sector.”
“Now, the national debt has soared. Now it exceeded 40 trillion dollars in the most recent report. Back in 2010, it was 10 trillion dollars. We've added 30 trillion dollars in US debt.”
“The gross debt, including government debt, is 123% of GDP. GDP measures the monetary value of what is produced. And if you look at it, just the publicly traded debt, it's 99% of GDP.”