The Debt Trap
If you follow the business news, you’re probably aware that, officially, the U.S. debt now exceeds $37 trillion, a number so humongous that it is impossible to grasp what that means. But before you try to, take a deep breath and brace yourself for a hard landing. According to one very recent analysis, the real amount of debt is actually much more than that. In this view, the real number is more than $151 trillion.
