US Debt-to-GDP Ratio Hits 135% in 2023
3 months ago
24
Today, we analyze the US Debt Clock as of December 20, 2023, to uncover alarming insights about the national economy. Despite a seemingly impressive GDP of $27.8 trillion, the details indicate a troubling economic trajectory, with a debt-to-GDP ratio of 135%. We delve into the composition of the workforce, government spending patterns, and the shift from a production-driven economy to one reliant on consumption and borrowing.
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