U.S. debt now equals the whole economy — and tax cuts since 2001… | HappeningNow.news

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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.

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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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