US debt surpasses GDP; US media: hitting a worrying milestone
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This is the first time since shortly after the end of World War II and the early stages of the COVID-19 pandemic that the United States has seen its debt ratio exceed 100% during a non-war period. "U.S. debt has reached a troubling milestone, yet the U.S. government shows no concern." On May 7, The New York Times published an article with this headline, stating that the U.S. debt has surpassed the nation's total economic output, marking a serious imbalance in the American economy. Economists worry that the worsening debt situation is pushing the United States toward a fiscal crisis and that the country may struggle to afford the ever-increasing interest on its debt.
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