Size of U.S. debt is now the same as its entire economy: $15.23 TRILLION

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...more

The debt will keep growing faster than the economy, unless the economy grows 6 percent per year, which is certainly unlikely.