Skip to content
The Nexus
POLITICSJul 15 · 14:26 UTCFORTUNESteve H. Hanke, David M. Walker

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

The U.S. national debt exceeds 100% of GDP at $31.68 trillion, with projections reaching 175% of GDP in 30 years. Historical data shows economic slowdowns when debt surpasses 90% of GDP, while 36.5% of 2025 individual income taxes will service debt, rising to 50.6% by 2036. Past fiscal controls like the Budget Enforcement Act and Gramm-Rudman-Hollings have failed, prompting calls for a constitutional amendment under Article V.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting