Business & Economy · 2 views
U.S. debt now equals the whole economy — and tax cuts since 2001 added over $10 trillion
Democrats, set to take over Congress with robust majorities, will face at least one expensive obstacle to their policy agenda: a national debt that now equals the size of the U.S. economy.
Summary
Democrats, set to take over Congress with robust majorities, will face at least one expensive obstacle to their policy agenda: a national debt that now equals the size of the U.S. economy. Clocking in at $32 trillion, this debt-to-GDP ratio of 100% would likely raise alarms for other countries. But it attracted relatively little attention in an election season dominated by concerns over the economy and the cost of living .
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