US Debt Surpasses GDP Due to War Spending: How Will Working People Be Affected? w/ Richard Wolff
From The Socialist Program by The Socialist Program
May 6, 2026 · 35 min
About this episode
The episode discusses the implications of the US government's debt surpassing its GDP due to war spending and its effects on the working class.
The ratio of U.S. government debt to GDP (gross domestic product) is now over 100% – meaning the U.S. government is in more debt than the size of the entire U.S. economy. Professor Richard Wolff and Brian Becker break down why the U.S. government has gone into so much debt, and how it affects the working class. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com . Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.
People in this episode
Host: Brian Becker
Guest: Richard Wolff
Topics covered
- US debt
- GDP
- war spending
- working class
- economic impact
Keywords
- US debt
- GDP
- war spending
- working class
- economic impact
Mentioned in this episode
Organizations: Democracy at Work, rdwolff.com
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