National Debt Surpasses Size of US Economy

The debt-to-GDP ratio as of March 31 rested at 100.2% as national debt was totaled $31.27 trillion and U.S. GDP stood at $31.22 trillion. “[Americans are] dealing with inflation, and higher costs of living because of Washington’s spending addiction. It’s only going to get worse until we cut up the credit cards and get serious,” said Republican Sen. Rick Scott of Florida (more).