America’s $30 Trillion Debt Crisis: How Peace-Time Spending and Political Promises Created a Fiscal Time Bomb.
(ThyBlackMan.com) In 1980, America’s publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25% of annual U.S. GDP. Today, that figure is a little over $30 trillion, or around 100% of GDP. And as the federal debt grew 42 times larger over that span, the economy grew only tenfold. You can’t expand the numerator four times faster than the denominator for 45 years […]