America’s total debt hits $98.9 trillion

America’s total debt hit $98.9 trillion in the second quarter, even as the U.S. government debt hit $37.8 trillion. This represents a debt-to-gdp ratio of 123 percent, an increase of $1.7 trillion since the debt ceiling was raised in July. The U.S. government is facing a $1.8 trillion deficit, and interest payments now surpass defense spending. For decades, the Trumpet has warned that America’s debt is one of its worst national security vulnerabilities.