Description
Polls consistently show that Americans overwhelmingly worry about the rising national debt accumulated by the U.S. government for more than two centuries. But is it as big an economic threat as many experts contend? On the eve of a showdown in Congress over raising the debt ceiling, we examine exactly what the debt is relative to the U.S. economy and assess the arguments that the swelling red ink poses catastrophe for future generations or is largely manageable and benign.
