The US Debt Crisis: A Worrying Sign of a Broader Issue The recent milestone of $40 trillion in national debt has sent shockwaves through the global economy.
Behind this figure lies a more insidious problem: the US's addiction to borrowing and spending. Economists have been warning about the dangers of America's expanding national debt for decades.
The Committee for a Responsible Federal Budget sounded the alarm as early as 1981, when national debt first reached $1 trillion.