Episode Details

Reactions to the U.S. national debt held by the public recently crossing a historic, psychological threshold, surpassing the size of the total U.S. economy. Federal data shows that public debt stood at $31.27 trillion against a nominal GDP of $31.22 trillion, equating to a debt-to-GDP ratio just over 100% for first time since the aftermath of World War II (when the ratio peaked at 106% in 1946) that America's national debt has outpaced its gross domestic product outside of brief, temporary pandemic-induced spikes.