US Debt Reaches $16 Trillion, Eclipses Economy

The US government is on the verge of announcing its $16 trillion debt, a figure that is 104% of the nation's gross domestic product. That's right folks, the US's debt has officially overtaken its economy.
The concerning figure shows that the the nation's debt has more than tripled over the last two presidencies and shows no signs of stopping. It marked the fourth consecutive year with a $1 trillion budget shortfall, ...

0 Comments