The United States has crossed a threshold that historically marked the beginning of sovereign debt crises for empires throughout history. According to newly released figures, U.S. debt held by the public has now surpassed 100% of GDP for the first time since World War II, reaching roughly 100.2% as public debt climbed above $31.27 trillion while GDP stood near $31.22 trillion. Total national debt is meanwhile rapidly approaching a remarkable $39 trillion.
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