and total U.S. debt is now more than 120% of GDP, according to the Office of Management & Budget. That is the highest level since World War II. In the 1970s and 1980s, the debt/GDP ratio ...
breaking a nearly 80-year-old record set in 1946 when the U.S. was in the midst of post-World War II demobilization. After that milestone is reached in the next few years, the debt-to-GDP ratio ...
United States public debt is fast approaching $14 trillion. It is now equal to roughly 75 percent of gross domestic product (GDP) and in a decade will reach between 80 and 90 percent of GDP.
Bloomberg America’s sovereign debt spiral has been building since Washington embarked on large budget deficits in the 1980s. As the tab rose from about 30 per cent of GDP towards 100 per cent in ...
We're at a key juncture when it comes to US debt dynamics. Government debt is approximately equal to the value of GDP. In other words, there's a c.100% debt/GDP ratio. This makes the mathematics ...