The $40 trillion U.S. national debt is smaller than Japan’s relative to its economy—but economist warns America is still ‘the world’s largest debtor’
Statistics don’t always tell the full story, and the U.S. national debt is evidence as to why. Despite its $40 trillion national debt, the U.S. barely cracks the top 10 in countries for debt relative to the size of their economies. While on the surface this may seem like a good thing, economists warn that…