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United States National Debt Crisis

The federal debt is over $14.3 trillion and still rising. Under a conservative best-case scenario, the nation’s net federal debt will rise to at least 155 percent of gross domestic product by 2035 if not before, more than double the current levels. Under a more pessimistic scenario on growth rates, that load ratchets up at least 302 percent of G.D.P. by that year. In other words, the national debt is like “a can that is being kicked down the road.” So then, what kind of world are we “really” leaving to the future generations?

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