National Debt Now Larger than Entire US Economy, Hitting Worrisome Milestone

National debt now larger than entire US economy, hitting worrisome milestone

A gaping hole in the federal budget has just reached a critical point.

U.S. National Debt Surpasses Size of Economy for First Time Since World War II

The national debt exceeded the size of the entire U.S. economy — marking the first time the grim milestone has been reached since World War II. The current national debt […] The post U.S. National Debt Surpasses Size of Economy for First Time Since World War II appeared first on The Western Journal.

US Debt Crosses 100% of GDP for First Time Since 1946—And This Time Is Different

US public debt has reached 100 percent of GDP (gross domestic product) for the first time since the aftermath of World War II. Just because we have been here before, and we managed, doesn’t mean we will do so again. This time is different in important ways that are underappreciated by both policymakers and the public.  In 1946, the United States emerged from a global war with high debt, but also with a young population, strong growth prospects, …