How Much Public Debt Is Too Much?

The public debt is, in total, about 140% of GDP

The federal government has been on a two-year spending spree. Last year, it spent $3 trillion more than it collected in revenue. This year it will spend another $3 trillion more than its revenue. This adds to the public debt, which will hit $30 trillion by year-end. Is that a problem?

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Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.

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Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.