Total U.S. debt has surpassed $40 trillion, a new milestone in the country’s accumulation of budget deficits.
US “total public debt outstanding” officially surpassed $40. trillion according to the U.S. Department of the Treasury.
While that figures is symbolically significant, it is not economically significant. Most investors and economists focus on other metrics, like the Debt to GDP ration, a better sense of an country’s borrowing ability.
But, $40 trillion is a big number, and will draw attention to an unsustainable fiscal trajectory.
