Inconvenient Truths About US Debt Explosion

The resurgence of COVID-19 in the United States is paving the way to a debt record, even relative to government debt at the end of World War II. The collateral damage in global recovery will be significant.

Only two quarters ago, US federal debt hovered around $23 trillion; a stunning 106% as a percentage of the GDP. Today – after barely two quarters – that debt is close to $27 trillion