National Debt Has Soared Under Trump

America’s Debt Is Soaring Under Trump. Yes, It Matters

Life is a struggle between the urgent and the important. With the accelerating inanity of our daily lives — through algorithm addiction and the flatulent con man occupying the White House — the important is always overwhelmed by a tidal wave of screeching tweets and self-inflicted wounds. That’s why you probably missed an obscure but important milestone our country hit last week: America’s debt passed 100 percent of our gross domestic product.…

National Debt Has Soared Under Trump

Rolling Stone: “You probably missed an obscure but important milestone our country hit last week: America’s debt passed 100 percent of our gross domestic product.” “So what, you say? That sounds boring and technical. It’s actually really fucking important. It means that America’s accumulated debt — our impulse to borrow from other people to pay for the things we want and need — is now larger than the total size of the American economy. It should…

America Crosses the 100% Threshold: National Debt Now Exceeds Entire Economy

Last week, the United States reached a milestone, but not the kind worth celebrating. Instead, it is one that could carry lasting consequences for future generations, as the nation’s debt has now eclipsed the size of its entire GDP. Last Thursday, the nonpartisan watchdog Committee for a Responsible Federal Budget announced that U.S. debt held by the public, estimated at $31.27 trillion, surpassed the nation’s annual GDP of $31.22 trillion in Ma…