U.S. debt is nearly $33 trillion. But some economists say not all debt is bad

The U.S. national debt is sitting at nearly $33 trillion dollars. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. "Debt has many useful purposes," said Kris Mitchener, professor of economics at the…#krismitchener #santaclarauniversity #williamgale #petersonfoundation #michaelpeterson #conferenceboard #loriespositomurray #federalreserve #stephaniekelton #stonybrookuniversity

Source: Reuters: Health - September 10, 2023 Category: Consumer Health News Source Type: news