# National Debt on The No Agenda Show National Debt comes up in 60 chapters across 57 episodes of The No Agenda Show, from September 2008 to August 2026. - **Chapters:** 60 - **Episodes:** 57 - **Discussed:** September 2008 – August 2026 - **Related topics:** [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Inflation](https://search.noagendashow.net/topic/inflation.md), [Donald Trump](https://search.noagendashow.net/topic/donald-trump.md), [Interest Rates](https://search.noagendashow.net/topic/interest-rates.md), [Social Security](https://search.noagendashow.net/topic/social-security.md), [Barack Obama](https://search.noagendashow.net/topic/barack-obama.md), [Deficit](https://search.noagendashow.net/topic/deficit.md), [China](https://search.noagendashow.net/topic/china.md), [Fiscal Cliff](https://search.noagendashow.net/topic/fiscal-cliff.md), [Aig](https://search.noagendashow.net/topic/aig.md) ## Chapters 1–20 of 60 ### Dollar Debasement, National Debt Growth Strategy - **Episode:** [1897: Caconian](https://search.noagendashow.net/episode/1897-caconian.md) - **Published:** 2026-08-23 - **Time:** 1:19:10–1:22:26 - **Transcript:** https://search.noagendashow.net/episode/1897-caconian/chapter/dollar-debasement-national-debt-growth-strategy.md The hosts argue that the Treasury's market interventions lead to the debasement of the U.S. dollar and a loss of purchasing power for citizens. Scott Bessent suggests the U.S. must "grow its way out" of the $40 trillion national debt through a global growth strategy and fiscal consolidation. Adam Curry notes that while mortgage rates are rising, the real issue is that wages are not keeping pace with inflation. Keywords: dollar debasement, [national debt](https://search.noagendashow.net/topic/national-debt.md), [purchasing power](https://search.noagendashow.net/topic/purchasing-power.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [mortgage rates](https://search.noagendashow.net/topic/mortgage-rates.md) ### National Debt Reaches 40 Trillion and Quantitative Easing - **Episode:** [1896: Just Dew It](https://search.noagendashow.net/episode/1896-just-dew-it.md) - **Published:** 2026-08-20 - **Time:** 57:36–1:00:37 - **Transcript:** https://search.noagendashow.net/episode/1896-just-dew-it/chapter/national-debt-reaches-40-trillion-and-quantitative-easing.md The United States federal debt has reached a record $40 trillion, increasing by $1 trillion in the last five months alone. Rising costs for Social Security and Medicare, combined with tax cuts and pandemic relief bills like the One Big Beautiful Bill Act of 2025, are cited as primary drivers. The Treasury has reportedly begun purchasing back bonds, a move the hosts discuss as a form of debt monetization or quantitative easing to lower long-term interest rates. Keywords: [national debt](https://search.noagendashow.net/topic/national-debt.md), [social security](https://search.noagendashow.net/topic/social-security.md), [medicare](https://search.noagendashow.net/topic/medicare.md), [quantitative easing](https://search.noagendashow.net/topic/quantitative-easing.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md) ### France Credit Rating Downgrade and U.S. Debt-to-GDP Ratio - **Episode:** [1809: Tomahawk Turnaround](https://search.noagendashow.net/episode/1809-tomahawk-turnaround.md) - **Published:** 2025-10-19 - **Time:** 33:54–38:32 - **Transcript:** https://search.noagendashow.net/episode/1809-tomahawk-turnaround/chapter/france-credit-rating-downgrade-and-u-s-debt-to-gdp-ratio.md Standard & Poor's downgraded France's credit rating to A+ due to concerns over the country's ability to repair its finances amidst political uncertainty. Prime Minister Sébastien Lecornu faces a fractured parliament as debt is projected to reach 121% of GDP by 2028. In comparison, an AI-assisted check of the United States debt-to-GDP ratio places it at approximately 119%, with a total debt exceeding $36 trillion. Keywords: [standard & poor's](https://search.noagendashow.net/topic/standard-poor-s.md), [france](https://search.noagendashow.net/topic/france.md), [moody's](https://search.noagendashow.net/topic/moody-s.md), [gdp](https://search.noagendashow.net/topic/gdp.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), sebastien lecornu ### Donald Trump OAN Interview, Tariffs, and National Debt - **Episode:** [1805: Hamburger Wine](https://search.noagendashow.net/episode/1805-hamburger-wine.md) - **Published:** 2025-10-05 - **Time:** 17:44–20:47 - **Transcript:** https://search.noagendashow.net/episode/1805-hamburger-wine/chapter/donald-trump-oan-interview-tariffs-and-national-debt.md Donald Trump grants an interview to OAN where he proposes a "dividend to the people" of $1,000 to $2,000 funded by tariff revenue. Trump claims that unprecedented tariff income, projected to exceed $1 trillion, will allow the U.S. to grow its way out of the $36 trillion national debt. The hosts analyze Trump's repetitive speech patterns and his claims regarding the country's leverage. Keywords: [donald trump](https://search.noagendashow.net/topic/donald-trump.md), [oan](https://search.noagendashow.net/topic/oan.md), [tariffs](https://search.noagendashow.net/topic/tariffs.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [dividend](https://search.noagendashow.net/topic/dividend.md) ### Russian Economic Claims, Crypto Debt Reset - **Episode:** [1802: Stimming](https://search.noagendashow.net/episode/1802-stimming.md) - **Published:** 2025-09-25 - **Time:** 1:36:19–1:37:45 - **Transcript:** https://search.noagendashow.net/episode/1802-stimming/chapter/russian-economic-claims-crypto-debt-reset.md Anton Kobyakov, a senior advisor to Vladimir Putin, claimed at the Eastern Economic Forum that the United States is preparing to reset its $35 trillion debt using cryptocurrency and gold. The theory suggests the U.S. will move its currency into a "cryptocurrency cloud" to devalue the debt and start from scratch. The discussion notes that the Russian advisor may be conflating general crypto with the "stablecoin gambit." Keywords: anton kobyakov, [vladimir putin](https://search.noagendashow.net/topic/vladimir-putin.md), [cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md) ### UK National Debt Recovery, Automatic Payroll Deductions - **Episode:** [1794: Heroin Hotties](https://search.noagendashow.net/episode/1794-heroin-hotties.md) - **Published:** 2025-08-28 - **Time:** 1:35:46–1:38:13 - **Transcript:** https://search.noagendashow.net/episode/1794-heroin-hotties/chapter/uk-national-debt-recovery-automatic-payroll-deductions.md Beginning in January 2026, UK workers will face an automatic "debt recovery contribution" deducted directly from their paychecks. The levy, approximately £90 per month, is intended to manage the rising national debt. Critics argue this places an unfair burden on workers who are already struggling with inflation. Keywords: [united kingdom](https://search.noagendashow.net/topic/united-kingdom.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [hmrc](https://search.noagendashow.net/topic/hmrc.md), [payroll tax](https://search.noagendashow.net/topic/payroll-tax.md), [deficit](https://search.noagendashow.net/topic/deficit.md), digital finance ### Donald Trump Federal Reserve Visit, Interest Rate Refinancing - **Episode:** [1785: Mackerels](https://search.noagendashow.net/episode/1785-mackerels.md) - **Published:** 2025-07-27 - **Time:** 2:46:06–2:52:49 - **Transcript:** https://search.noagendashow.net/episode/1785-mackerels/chapter/donald-trump-federal-reserve-visit-interest-rate-refinancing.md Donald Trump visited the Federal Reserve to pressure Chair Jerome Powell into lowering interest rates. Trump criticized the $2.7 billion renovation cost of the Fed's offices and argued that a three-point rate cut would allow the U.S. to refinance its debt, saving $1 trillion annually. Keywords: [jerome powell](https://search.noagendashow.net/topic/jerome-powell.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md), [bellagio](https://search.noagendashow.net/topic/bellagio.md), [national debt](https://search.noagendashow.net/topic/national-debt.md) ### Town Hall Resistance, Steel Tariffs Inflation - **Episode:** [1769: Mr. Umami](https://search.noagendashow.net/episode/1769-mr-umami.md) - **Published:** 2025-06-01 - **Time:** 1:02:26–1:06:50 - **Transcript:** https://search.noagendashow.net/episode/1769-mr-umami/chapter/town-hall-resistance-steel-tariffs-inflation.md Political analysts are monitoring increased "resistance" activities at local town hall meetings as Democrats organize against administration policies. Concerns remain regarding the inflationary impact of increasing the national debt and the implementation of new steel tariffs. Critics argue that while tariffs protect domestic industry, they may raise manufacturing costs for consumer goods. Keywords: [town halls](https://search.noagendashow.net/topic/town-halls.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [tariffs](https://search.noagendashow.net/topic/tariffs.md), [steel](https://search.noagendashow.net/topic/steel.md), [inflation](https://search.noagendashow.net/topic/inflation.md) ### Mark Levin, Social Security Debt, Trillion Dollar Coin - **Episode:** [1736: The Blurt](https://search.noagendashow.net/episode/1736-the-blurt.md) - **Published:** 2025-02-06 - **Time:** 1:14:08–1:18:46 - **Transcript:** https://search.noagendashow.net/episode/1736-the-blurt/chapter/mark-levin-social-security-debt-trillion-dollar-coin.md Mark Levin's analysis of the national debt suggests the U.S. is actually $150 trillion in debt when accounting for "stolen" Social Security and Medicare funds. The discussion touches on the potential use of stablecoins or a "trillion-dollar coin" to manage the fiscal crisis. Trump's use of tariffs is seen as a national security measure tied to immigration and fentanyl enforcement. Keywords: [mark levin](https://search.noagendashow.net/topic/mark-levin.md), [social security](https://search.noagendashow.net/topic/social-security.md), [medicare](https://search.noagendashow.net/topic/medicare.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [tether](https://search.noagendashow.net/topic/tether.md) ### Billy Long Tapped to Lead the IRS - **Episode:** [1718: On The Fritz](https://search.noagendashow.net/episode/1718-on-the-fritz.md) - **Published:** 2024-12-05 - **Time:** 36:17–38:02 - **Transcript:** https://search.noagendashow.net/episode/1718-on-the-fritz/chapter/billy-long-tapped-to-lead-the-irs.md Former Missouri Congressman Billy Long has been selected to lead the Internal Revenue Service. Long, a professional auctioneer, famously used his auction-calling skills during a 2018 House hearing to drown out a protester. His appointment is viewed as a signal that the Trump administration intends to bring a different, perhaps more theatrical, approach to tax agency leadership. Keywords: billy long, [irs](https://search.noagendashow.net/topic/irs.md), auctioneer, [national debt](https://search.noagendashow.net/topic/national-debt.md), [congress](https://search.noagendashow.net/topic/congress.md) ### Jared Bernstein, Federal Reserve Monetary Policy - **Episode:** [1657: Trash Can Man](https://search.noagendashow.net/episode/1657-trash-can-man.md) - **Published:** 2024-05-05 - **Time:** 23:32–31:05 - **Transcript:** https://search.noagendashow.net/episode/1657-trash-can-man/chapter/jared-bernstein-federal-reserve-monetary-policy.md Jared Bernstein, Chairman of the Council of Economic Advisers, struggled to explain the mechanics of government borrowing and money printing in a viral video. The discussion highlights the role of the Federal Reserve in creating currency and the reliance on war and inflation to sustain the current Marxist-influenced economic cycle. Keywords: [jared bernstein](https://search.noagendashow.net/topic/jared-bernstein.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [mmt](https://search.noagendashow.net/topic/mmt.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [national debt](https://search.noagendashow.net/topic/national-debt.md) ### Universal Basic Income, Dollar Tree Inflation - **Episode:** [1646: FLOW](https://search.noagendashow.net/episode/1646-flow.md) - **Published:** 2024-03-28 - **Time:** 1:19:54–1:24:37 - **Transcript:** https://search.noagendashow.net/episode/1646-flow/chapter/universal-basic-income-dollar-tree-inflation.md NPR has begun promoting Universal Basic Income (UBI) as a permanent social safety net, citing pandemic-era government aid as a successful pilot. Meanwhile, Dollar Tree is raising its maximum price cap to $7, reflecting significant inflationary pressure on low-income consumers. Economists warn that the $7 trillion in debt created during the pandemic is a permanent "ratchet" that will necessitate a transition to a digital currency. Keywords: [ubi](https://search.noagendashow.net/topic/ubi.md), [npr](https://search.noagendashow.net/topic/npr.md), [dollar tree](https://search.noagendashow.net/topic/dollar-tree.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [national debt](https://search.noagendashow.net/topic/national-debt.md) ### US National Debt, Military Spending GDP Impact - **Episode:** [1639: Pumpkin Coin](https://search.noagendashow.net/episode/1639-pumpkin-coin.md) - **Published:** 2024-03-03 - **Time:** 13:08–15:32 - **Transcript:** https://search.noagendashow.net/episode/1639-pumpkin-coin/chapter/us-national-debt-military-spending-gdp-impact.md The United States national debt is reportedly rising by $1 trillion every 100 days. This increase in government spending, largely directed toward military contractors for Ukraine aid, is noted for artificially propping up the U.S. GDP. Individual Taurus missiles are estimated to cost approximately $1 million each at wholesale prices. Keywords: [national debt](https://search.noagendashow.net/topic/national-debt.md), [gdp](https://search.noagendashow.net/topic/gdp.md), [military-industrial complex](https://search.noagendashow.net/topic/military-industrial-complex.md), [cnbc](https://search.noagendashow.net/topic/cnbc.md), [inflation](https://search.noagendashow.net/topic/inflation.md) ### Immigration Economic Impact, CBO Budget Outlook - **Episode:** [1633: Noise Machine](https://search.noagendashow.net/episode/1633-noise-machine.md) - **Published:** 2024-02-11 - **Time:** 1:08:10–1:11:41 - **Transcript:** https://search.noagendashow.net/episode/1633-noise-machine/chapter/immigration-economic-impact-cbo-budget-outlook.md The Congressional Budget Office (CBO) released a report estimating that increased immigration will boost the US economy by $7 trillion but may also suppress real wages by 2034. In the UK, similar migration trends are being debated as the NHS faces record waiting times and a shortage of dental appointments. Keywords: [immigration](https://search.noagendashow.net/topic/immigration.md), [cbo](https://search.noagendashow.net/topic/cbo.md), [wages](https://search.noagendashow.net/topic/wages.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [nhs](https://search.noagendashow.net/topic/nhs.md) ### Congressional Budget Committee and National Debt Disaster - **Episode:** [1612: Global Donut](https://search.noagendashow.net/episode/1612-global-donut.md) - **Published:** 2023-12-06 - **Time:** 1:32:21–1:36:32 - **Transcript:** https://search.noagendashow.net/episode/1612-global-donut/chapter/congressional-budget-committee-and-national-debt-disaster.md The House Budget Committee discusses the "catastrophic" trajectory of the U.S. national debt. Lawmakers express concern that interest payments may soon exceed the military budget, yet remain hesitant to cut entitlement programs like Social Security and Medicare. The hosts mock the proposal of a "fiscal commission" as a way for Congress to avoid direct responsibility. Keywords: [national debt](https://search.noagendashow.net/topic/national-debt.md), house budget committee, steve womack, [entitlements](https://search.noagendashow.net/topic/entitlements.md), [social security](https://search.noagendashow.net/topic/social-security.md), [fiscal commission](https://search.noagendashow.net/topic/fiscal-commission.md) ### United States National Debt Reaches 33 Trillion Dollars - **Episode:** [1592: Vermox](https://search.noagendashow.net/episode/1592-vermox.md) - **Published:** 2023-09-21 - **Time:** 1:18–2:55 - **Transcript:** https://search.noagendashow.net/episode/1592-vermox/chapter/united-states-national-debt-reaches-33-trillion-dollars.md The United States national debt has officially surpassed $33 trillion for the first time, according to reports from the New York Times on September 18th. This milestone occurs as House Speaker Kevin McCarthy struggles to negotiate a deal to avoid a looming government shutdown. Skepticism is expressed regarding the rapid pace of debt accumulation, noting it was only at $31 trillion recently. Keywords: [national debt](https://search.noagendashow.net/topic/national-debt.md), [department of the treasury](https://search.noagendashow.net/topic/department-of-the-treasury.md), [kevin mccarthy](https://search.noagendashow.net/topic/kevin-mccarthy.md), [government shutdown](https://search.noagendashow.net/topic/government-shutdown.md), [new york times](https://search.noagendashow.net/topic/new-york-times.md) ### Antonio Guterres, African Debt Relief and Finance Reform - **Episode:** [1531: Dead Name](https://search.noagendashow.net/episode/1531-dead-name.md) - **Published:** 2023-06-12 - **Time:** 1:45:42–1:47:18 - **Transcript:** https://search.noagendashow.net/episode/1531-dead-name/chapter/antonio-guterres-african-debt-relief-and-finance-reform.md UN Secretary-General Antonio Guterres called for a total reform of the international financial system during the African Union Summit. He argued that developing nations are being denied debt relief and charged "extortionate" interest rates, preventing investment in green technology and education. This aligns with a broader push to install new leadership at the World Bank focused on climate-related financing. Keywords: [antonio guterres](https://search.noagendashow.net/topic/antonio-guterres.md), [united nations](https://search.noagendashow.net/topic/united-nations.md), [african union](https://search.noagendashow.net/topic/african-union.md), [debt relief](https://search.noagendashow.net/topic/debt-relief.md), [world bank](https://search.noagendashow.net/topic/world-bank.md) ### Record Credit Card Debt During Holiday Shopping Season - **Episode:** [1507: Leaky Labs](https://search.noagendashow.net/episode/1507-leaky-labs.md) - **Published:** 2022-11-27 - **Time:** 1:42:57–1:44:31 - **Transcript:** https://search.noagendashow.net/episode/1507-leaky-labs/chapter/record-credit-card-debt-during-holiday-shopping-season.md U.S. credit card balances have jumped 15% over the last year, the largest increase in two decades, as consumers struggle with inflation during the holiday season. The National Retail Federation predicts record spending between $942 and $960 billion in November and December. Despite the high spending totals, physical retail traffic appeared lower as more shoppers shifted to online platforms and credit-based purchasing. Keywords: [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [black friday](https://search.noagendashow.net/topic/black-friday.md), [retail](https://search.noagendashow.net/topic/retail.md), national retail federation ### US Treasury Market Liquidity and Reverse Repo Concerns - **Episode:** [1486: Truth Decay](https://search.noagendashow.net/episode/1486-truth-decay.md) - **Published:** 2022-09-15 - **Time:** 1:02:05–1:03:27 - **Transcript:** https://search.noagendashow.net/episode/1486-truth-decay/chapter/us-treasury-market-liquidity-and-reverse-repo-concerns.md Financial analysts are expressing concern over the lack of buyers for U.S. Treasury bills, leading to liquidity issues in the debt market. The discussion touches on how the Fed and primary dealers are managing the financing of the national system as interest rates rise. Keywords: [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md), [liquidity](https://search.noagendashow.net/topic/liquidity.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [reverse repo](https://search.noagendashow.net/topic/reverse-repo.md), [national debt](https://search.noagendashow.net/topic/national-debt.md) ### Steve Bannon on the Federal Reserve - **Episode:** [1475: Vaccident](https://search.noagendashow.net/episode/1475-vaccident.md) - **Published:** 2022-08-07 - **Time:** 2:29:51–2:33:06 - **Transcript:** https://search.noagendashow.net/episode/1475-vaccident/chapter/steve-bannon-on-the-federal-reserve.md At CPAC, Steve Bannon delivered a speech calling for the end of the Federal Reserve. He highlighted the massive expansion of the Fed's balance sheet to $9.5 trillion and argued that the central bank has usurped the power of the American people to fund the administrative state. Keywords: [steve bannon](https://search.noagendashow.net/topic/steve-bannon.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [cpac](https://search.noagendashow.net/topic/cpac.md), [national debt](https://search.noagendashow.net/topic/national-debt.md), [monetary policy](https://search.noagendashow.net/topic/monetary-policy.md) [Next page](https://search.noagendashow.net/topic/national-debt.md?offset=20) --- This is the markdown version of a page on The No Agenda Show for AI agents. 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