5 problems with a $22 trillion national debt

[McFurd]

CBS - 2/13/2019 - Irina Ivanova - America broke another record this week -- when the nation's debt crossed the $22 trillion mark. At about 80 percent of the country's GDP, it's the highest level of debt since World War II, making the U.S. an outlier among its peers. The only countries with a higher debt load than the U.S. are Portugal, Italy, Greece and Japan. The first three have become synonymous with profligate spending and economic woes post-Great Recession, while Japan's "lost decade" of economic stagnation is a mainstay of economic textbooks. Read more @ https://www.cbsnews.com/news/22-trillio ... ng-crisis/