The CBO forecasted last week that we will be $64 trillion in debt by 2036

 ... In CBO’s baseline projections, whereas debt held by the public increases by $24 trillion from the end of 2026 to the end of 2036, debt held by government accounts remains relatively stable, averaging $7 trillion over the next decade. As a result, gross federal debt is also projected to rise by $24 trillion over that period, reaching $64 trillion at the end of 2036. Debt held by government accounts makes up 12 percent of that sum. ...

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Spending: Wei Tu Hai

Taxes: Wei Tu Lo

 

49.4% worked full time in April 2025

 

Wei Tu Lo

This number seems wei tu lo

 

IMF Warns Trump Could Cost the World a Trillion Dollars

The Guardian

 

Is that all?

 

World GDP in 2023 was $106.2 trillion according to the World Bank, whose graph shows that the 2009 Great Recession contraction was $3.34 trillion. The Grauniad is worried that the Trump trade war will cost a third of the 2009 contraction, based on an analysis by the IMF, "the most sober of global institutions" lol.

 

Meanwhile there was a 2015 contraction in global GDP which was much larger, $4.55 trillion. That was much worse than the so-called Great Recession. And much worse than the global impact of COVID in 2020, which was $2.39 trillion according to the World Bank's data.

 

Why isn't this popularly discussed?

 

AI laughably tells me "global GDP did not actually contract in 2015".

 

 

 

 

 

But the World Bank itself traces the 2015 global GDP hit to a massive contraction in trade, at the heart of which was the forced restructuring of the Chinese economy under Xi Jinping, who is a communist reactionary.

 

The sizes of the tariffs of Donald Trump, which far exceed those of the Smoot-Hawley era, especially with trade hegemon China, seem uniquely poised to wreak havoc on a world whose experts today can't draw the obvious parallel to the right year.