Alex Adrianson highlights in a Heritage Foundation “Insider Online” entry some disturbing information about federal government debt.
The publicly held federal debt reached 74.4 percent of gross domestic product in 2014, which is nearly double its historic average of 38 percent. Romina Boccia’s “Federal Spending by the Numbers” reports that the more realistic projections show that figure rising to 86 percent of GDP by 2024, the highest level since 1948.
