Source: Law & Liberty
by Julia R Cartwright
“The United States has reached a milestone, and unfortunately, it’s not one to celebrate. For the first time outside a genuine crisis, America’s national debt now exceeds the size of its entire economy. There is nothing magical about the 100% line; it’s more of a psychological threshold than a hard cliff. Indeed, debt hawks have sounded alarms for years, and the economy has not yet collapsed. But the absence of collapse is not the same as the absence of consequences. Like other developed nations that have drifted into high debt territory, cracks in the American economy are beginning to show, structurally and with compounding force.” (05/13/26)