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Gary Peters: “Experts say that ratio is expected to exceed 200% by 2048.”

Featuring: Gary Peters, Democratic | U.S. Senate from Michigan

Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action

Published April 27, 2026 | Video Starts at 02:34

That means the amount of debt we owe is nearly the same size as the entire United States economy. Our debt to GDP ratio is the highest it has been since World War II. And Experts say that ratio is expected to exceed 200% by 2048. This would mean serious economic harm for Americans in the form of higher interest rates, less money to support critical federal services, and slowed economic growth. (02:34–02:40)

CLAIM

Asserts that the debt to GDP ratio is expected to exceed 200% by 2048.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gary Peters

“The average age of the first-time home buyer in America has reached an all-time high of 40 years old.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 00:08-00:28
“The national debt eclipsed $39 trillion, the highest it's been at any point in our nation's history.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 00:43-00:54
“The US treasury said our public debt to GDP ratio now sits at 99%.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 02:16-02:22
“The Government Accountability Office says that in order to close this fiscal gap, we need to increase our revenues by 25% while reducing our…”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 02:52-03:05
“We are spending a reported $1 billion per day on [the President's war in Iran].”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 03:44-03:50
“The number of first-time home buyers has also reached an all-time low.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 00:08-00:28
“We just experienced the highest monthly spike in gas prices in decades, thanks to the President's reckless war in Iran.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 00:28-00:37
“When I first came here to Congress in 2009, the national debt stood at $10.6 trillion.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 00:55-01:05
“More than $28 trillion has been added to the debt in just 17 years.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 01:05-01:12
“Our debt to GDP ratio is the highest it has been since World War II.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 02:28-02:34
“I joined my colleagues in introducing a resolution that says by 2030, we must lower our deficit to only 3% of GDP.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 04:03-04:13
“I'm also proud to lead bipartisan legislation in the Senate that would examine how our national debt impacts our national security.”
Gary Peters Warns About Rising U.S. National Debt, Calls for Urgent Action | Uploaded April 27, 2026 | 04:13-04:22