Tag Archive: National Debt

Jul 11

U.S. Debt will Soon be more than 100 Percent of annual GDP, Official Warns

The U.S. national debt is now so large that it constitutes 74 percent of America’s annual Gross Domestic Product (GDP). Not since World War II has this percentage been so high. And today’s debt is not so much the product of a worldwide war but of the constant deficit spending required to pay for American …

Continue reading »