After eight years of the slowest economic recovery in history, growing our debt dramatically faster than we are growing our country—even when we include inflation. That was when the deficit and debt began to get out of hand once again. Then, the deficit as a percentage of GDP was less than nominal GDP growth. Total US debt, including private and business debt, is $67 trillion, or just under 400% of GDP. Last year, the debt rose $1.4 trillion, even though we were told that the budget deficit was less than $600 billion.

Source: Forbes November 23, 2016 20:24 UTC