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US Debt To GDP Grows In First Quarter On Track To Hit Danger Level
Michael Swanson
July 09, 2024
Become A Better Trader And More Informed Investor
The Federal government released it’s latest US debt to GDP numbers. They have them delayed by a quarter, so their numbers are for the first quarter and the St. Louis Federal Reserve Bank updated the above chart two weeks ago.
It is at 122.7648%.
It’s growing as the US government deficit is growing out of control, but no one cares, they don’t talk about it on TV, not a single question was asked about it during last week’s Presidential debate, even if economists say one day it will cause a disaster.
When does it matter?