U.S. debt now as big as entire economy | Times 247: America's national debt has reached a worrying milestone - it is now as big as the whole of its economy.
The amount owed by the federal government to its creditors, combined with IOUs to government retirement and other schemes, now stands at $15.23 trillion. The government estimated the value of goods and services produced by the economy in a year at $15.17 trillion as of September. ...
According to long-term forecasts, debt will carry on growing faster than the economy, which would need to expand by at least 6 [percent] per year to keep pace. Read the original article at The Daily Mail
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