US Debt-to-GDP Ratio Hits 135% in 2023

Today, we analyze the US Debt Clock as of December 20, 2023, to uncover alarming insights about the national economy. Despite a seemingly impressive GDP of $27.8 trillion, the details indicate a troubling economic trajectory, with a debt-to-GDP ratio of 135%. We delve into the composition of the workforce, government spending patterns, and the shift from a production-driven economy to one reliant on consumption and borrowing.