I don't understand the headline.
The current US GDP is 28T.
The current debt is 36T.
That is 128% debt to GDP, not 113%
Nothing stops this train.
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I don't understand the headline.
The current US GDP is 28T.
The current debt is 36T.
That is 128% debt to GDP, not 113%
Authors note that they got their CBO numbers from the Committee for a Responsible Federal Budget. https://www.crfb.org/papers/qa-gross-debt-versus-debt-held-public

Wow, that's very outdated info. We have added almost 4 trillion in debt since. Makes more sense now.
Thank you