Economist Proposes Plan to Tackle National Debt Crisis

Understanding America's National Debt
The national debt of the United States has reached an unprecedented level of $35 trillion. This debt is the total amount of money that the U.S. government owes to creditors. It has grown due to budget deficits, meaning that the government spends more money than it earns from taxes and other revenues. As the debt continues to rise, it poses a potential risk of a financial crisis if not managed properly.