An Economic Milestone In The U.S.

Size Of U.S. Debt Is Now The Same As Its Entire Economy: $15.23 TRILLION -- Daily Mail

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 $15.17trillion as of September.

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My Comment: The American mainstream media has buried this story in the back pages. The European press has this story on the front pages. Hmmmmm .... the Europeans know why this story is important .... give a few more years, and the Americans will also know why this is important.

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