U.S. public debt is far too high at more than three-quarters the size of the  economy—and growing federal spending, especially on entitlements, is quickly  driving debt to damaging levels. ... U.S. federal spending in 2013, combined with  depressed receipts from a weak economy, is on track to result in a deficit of $850  billion.
Sep 18, 2014 ... Modest perhaps, but in absolute terms, our debt is rapidly approaching $18  trillion (Chart 1). Japan's debt is approximately $13.4 trillion, however, its  economy is only one-fourth the size of America's. Federal Debt Jan 1966 to Jan  2014. If Japan's debt-to-GDP ratio is more than two times greater than ...
Apr 22, 2016 ... Since this is an election year, you're hearing a lot about the size of the national  debt — and the financial imperative to expunge it before it gets passed on to our  kids and grandkids. Donald Trump recently told Fortune that “if I had a choice of  taking over debt free or having $19 trillion — which by the way is ...
Feb 14, 2011 ... President Obama's budget, released Monday, was conceived as a blueprint for  future spending, but it also paints the bleakest picture yet of the current fiscal year , which is on track for a record federal deficit and will see the government's  overall debt surpass the size of the total U.S. economy.
The terms national deficit and national surplus usually refer to the federal  government budget balance from year to year, not the cumulative total. A deficit  year increases the debt because more money is spent than is received; a surplus  year decreases the debt because more money is received than spent. There are  two ...
Our national debt ... is on track to exceed the size of our entire economy ... in just two more years.