AXIOS (Neil Irwin) - What is, and isn't, worrying about 100% debt to GDP
Data: Bureau of Economic Analysis and Treasury Department; Chart: Neil Irwin/Axios The United States has crossed a symbolic milestone: The national debt is now larger than its gross domestic product. But it's not the level of that ratio that is alarming — it's the trajectory. The big picture: There's nothing inherently unsustainable about a 100% debt-to-GDP level. What matters is why it got that high, the prospects for future borrowing, and the forecast for growth and borrowing costs. - Across those dimensions, the U.S. fiscal outlook is exceptionally gloomy, in ways not reflected in much of the day-to-day political discourse. Catch up quick: The Commerce Department last week reported $31.9 trillion annualized GDP in Q1 . That surpasses…