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 | Fortune

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP over the next 30 years. These debt levels flash red. Centuries of historical evidence show that once public debt exceeds 90% of GDP, economic growth slows and major troubles follow. Before we are engulfed in a financial crisis, don’t you think it is time for Washington to defuse the debt bomb?

Raccontata dafortune.comcryptobriefing.com