Our National Debt and Gross Domestic Product
Should you worry that debt relative to GDP is rising fast here and globally?
You hear a lot of worrying about mounting government debt because many people are convinced that public debt is a main source of problems for any economy. And currently the debt ceiling limit – the legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, essentially limiting how much money the federal government can borrow, is suspended through the end of July.
