---
title: "John Lam The national debt grew by $2.4 trillion in 2024,    Current..."
date: 2025-02-21
source: facebook
type: comment
context: "Archer T. Ships replied to John Lam's comment."
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# John Lam The national debt grew by $2.4 trillion in 2024,    Current...

*February 21, 2025 — Comment Archer T. Ships replied to John Lam's comment.*

John Lam The national debt grew by $2.4 trillion in 2024,    Current GDP (2024) is ~30 trillion.  Real GDP grows ~3%/year or 0.9 trillion. Note that as the debt increases payment on the debt it will increasingly crowd out productive uses of the money, such as investment in new technologies/companies.  So we can expect GDP growth to slow as the debt increases. Seems to me that we need substantial cuts, even if your claims are true.