US GDP Rose by $850 Billion in 2019 as US National – Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108%
Dream of 3% economic growth remained a dream despite surge in government borrowing and spending. By Wolf Richter for WOLF STREET January 30, 2020 The dreams of 3%-plus economic growth in the US remained dreams in 2019, despite tax cuts and ballooning federal government spending, which are a stimulus. But the resulting budget deficit caused the gross national debt […]