The amount owed by the federal government to its creditors, combined with IOUs to government retirement and other schemes, now stands at $15.23 trillion. The government estimated the value of goods and services produced by the economy in a year at $15.17 trillion as of September.
According to long-term forecasts, debt will carry on growing faster than the economy, which would need to expand by at least 6 percent per year to keep pace.
Read More Here: http://www.dailymail.co.uk/news/article-2084353/Size-U-S-debt-entire-economy--15-23-TRILLION.html
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