U.S. National Debt Exceeds GDP for the First Time Since WWII, Now at $31.265 Trillion

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On May 1, the U.S. national debt surpassed 100% of GDP for the first time since World War II, currently standing at $31.265 trillion, while the U.S. GDP over the past year was $31.216 trillion. This means that for every dollar the U.S. government collects in revenue, it is spending $1.33.

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