U.S. National Debt Surpasses 100% of GDP Under Trump Administration
By
John Avlon
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
The article argues that America's national debt has surpassed 100% of GDP under Donald Trump's presidency, driven by tax cuts favoring the wealthy and increased spending. The author contends this is a critical but overlooked issue, warning that soaring debt poses serious long-term economic risks despite being overshadowed by daily political chaos and distractions.
Key quotes
· 3 pulledAmerica's debt passed 100 percent of our gross domestic product.
It means that America's accumulated debt — our i
Life is a struggle between the urgent and the important.
You might also wanna read
U.S. National Debt Reaches 100.2% of GDP, Surpassing Size of Economy
The U.S. national debt has reached 100.2% of GDP for the first time, totaling $31.27 trillion against a nominal GDP of $31.22 trillion. Maya
U.S. National Debt Exceeds 100% of GDP for First Time Since World War II
The U.S. national debt has surpassed 100% of GDP for the first time since World War II, reaching $31.265 trillion in publicly held debt agai
US national debt reaches a record $37T, the Treasury Department reports
Surging Treasury yields expose fiscal fragility as US faces $10 trillion debt refinancing
The article discusses how surging Treasury yields (30-year bonds at 5.2%, highest in 19 years, and 10-year at 4.7%) are exposing the fragili
US national debt reaches record $39 trillion amid war in Iran
The U.S. national debt has surpassed $39 trillion for the first time, reaching the milestone just weeks into the U.S.-Israeli war in Iran. T
National debt interest consumes record 19% of federal revenue as Treasury yields surge
The federal government is spending a record 19% of all federal revenue on interest payments for the national debt, according to the Committe
