The Federal Debt Is Even Worse Than It Looks

The US government's total debt is $34 trillion. Is that dangerously high? Maybe not, if you focus on the debt-to-GDP ratio. The figure is approximately 120 percent, which means the debt is in a range it's been in before. It is a bit above the country's gross domestic product, which is the country's total economic output.The US government's total debt is $34 trillion. Is that dangerously high? Maybe not, if you focus on the debt-to-GDP ratio. The figure is approximately 120 percent, which means the debt is in a range it's been in before. It is a bit above the country's gross domestic product,...