The U.S. GNP in 2025 had been
$30.77 trillion (nominal). Even though that represents a real growth rate of
2.1 percent, according to the U.S. Bureau of Economic Analysis, the total dollar-amount
of economic output of the bloc was almost $10 trillion lower than the total federal
debt, and this does not count the respective debts of the member-states. In
fiscal year 2025, the net-interest paid on the federal debt amounted to $970
billion, which translates into nearly 20 percent of the federal government’s
revenue and exceeded the $917 billion in defense spending. The milestone of $40
trillion in federal debt, reached on August 19, 2026, can thus be put into
perspective at the federal level of government. It is no wonder that Europeans had
been raising concerns regarding the issuance of federal debt by which the E.U.
could aid Ukraine militarily.
The full essay is at "The U.S. Federal Debt Hits $40 Trillion."
