Stories The US Government’s Debt-to-GDP Ratio Is Worse Than Greece’s Before the 2008 Crash (And It’s About to Get Worse) The US is in uncharted debt territory. That should worry us. Sunday, May 2, 2021 President Biden on Wednesday pitched a new plan to Americans before a joint session of Congress: more spending. The just-released $1.8 trillion plan, presented just weeks after Biden signed a $1.9 trillion in COVID relief spending into law, includes “free” community college as well as universal preschool for all three and four-year-olds. “Mr. Biden could usher in a new era that fundamentally expands the size and role of the federal government,”