Nuclear Debt Bomb: U.S. Debt Reaches Red Zone — 100% of GDP

In this The New American article, Selwyn Duke argues that America’s debt crisis has crossed into dangerous territory as public debt now exceeds the size of the U.S. economy.

• U.S. debt held by the public reportedly reached $31.27 trillion as of March 31, while nominal GDP was estimated at $31.22 trillion for the preceding 12 months.
• The article notes that debt held by the public has reached 100% of GDP for only the second time since the World War II era, with the first recent spike occurring during the Covid period.
• Duke cites projections from the Congressional Budget Office warning that public debt could hit 108% of GDP by 2030 and 120% within a decade.
• The piece frames rising debt as a threat to prosperity, interest rates, inflation, national security, and the federal budget because of escalating interest costs.
• Duke also points to unfunded liabilities, including long-term obligations tied to programs such as Social Security, which he says now total $88.4 trillion.
• The article expands the warning beyond federal borrowing by criticizing state-level debt, especially in Democrat-run states such as California, New York, New Jersey, and Illinois.
• Duke argues that government waste, fraud, and ideologically driven spending are major contributors to the problem, citing claims of large-scale fraud in federal programs.
• The article closes by connecting government debt to broader cultural and personal debt habits, suggesting that public financial recklessness reflects a deeper moral and civic problem.

Read the full story: https://thenewamerican.com/us/economics/nuclear-debt-bomb-u-s-debt-reaches-red-zone-100-of-gdp/