U.S. National Debt Exceeds 100% of GDP for First Time Since World War II
By
Richard Rubin
Lacks bite. And filling. And a copy-editor at the bakery.
Summary
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 against a GDP of $31.216 trillion. The government is spending $1.33 for every dollar collected in revenue, and the debt-to-GDP ratio is expected to continue climbing, signaling growing fiscal stress on the U.S. economy.
Key quotes
· 3 pulledThe U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.
The government is spending $1.33 for every dollar it collects in revenue.
Federal debt exceeding the size of the economy is a potent symbol of the gathering fiscal stresses on the U.S.
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
crfb.org·1d ago
U.S. National Debt Surpasses 100% of GDP Under Trump Administration
The article argues that America's national debt has surpassed 100% of GDP under Donald Trump's presidency, driven by tax cuts favoring the w
Rolling Stone·24d ago
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
share.google·4d ago
National debt interest consumes record 19% of federal revenue as Treasury yields hit 20-year high
The federal government is spending a record 19% of federal revenue on interest payments for the national debt, surpassing spending on Medica
fortune.com·4d ago
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
share.google·1d ago
Galloway and Housel warn record $18.8 trillion household debt threatens the American Dream
Scott Galloway and Morgan Housel warn that the American Dream is under threat as household debt in the U.S. has reached a record $18.8 trill
bit.ly·11h ago