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Is the federal debt REALLY that bad?
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Sandwiched between a burger joint and an oyster bar in New York City hangs a daunting image: The National Debt Clock. And that debt number? It just keeps ticking up.
How deep in the hole are we? Nearly a hundred percent of gross domestic product. And counting.
Today on the show, the federal debt. Is it time to freak out? Or is there nothing to see here?
Related Episodes:
The time the US paid off all its debt
Can YOU solve the debt crisis?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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