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Welcome to the Eric Erickson Show podcast, Our Three.

Hello and welcome. It is Eric Erickson here across the United States of America.

This open line Friday, 877973, 7425. As always, text Eric, E-R-I-CICK to 33777.

Ladies and gentlemen, we have a problem.

We actually have a more significant problem than either side wants to deal with.

We knew this day was coming.

That day is now here.

This is the Wall Street Journal.

The U.S. national debt now exceeds 100% of gross domestic product, crossing a once

unthinkable threshold on the way toward breaking the record set in the wake of World War II.

As of March 31st, the country's publicly held debt was 31.265 trillion, while gross domestic product over the preceding year was $31.216 trillion, according to data released Thursday.

That puts the ratio at 100.2% compared with 99.5% when the last fiscal year ended September 30th.

That figure will climb for the foreseeable future because the federal government is running historically large annual deficits of nearly 6% of GDP,

which add to the debt. The government is spending $1.33 for every dollar it collects in revenue.

...