In its last financial report, the US treasury said our public debt to GDP ratio now sits at 99%. 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. (02:28–02:34)
CLAIM
Asserts that the current debt to GDP ratio is the highest since World War II.
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