![More or Less: Behind the Stats artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/26/cf/32/26cf3245-4f2f-bfde-8117-2e08b9e98ab0/mza_3048031617250188411.jpg/100x100bb.jpg)
US National Debt: is $32 trillion a big number?
More or Less: Behind the Stats
English - June 24, 2023 05:00 - 8 minutes - 8.21 MB - ★★★★★ - 740 ratingsNews Education Science Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Mortgages, birth rates and does space contribute 18% to UK GDP?
‘This episode was updated on 26th June to remove an error in how we quantified 32 trillion dollars’
The level of US government debt has just surpassed 32 trillion dollars. Negotiations over raising the borrowing limit once again went down to the wire a few weeks ago. But how concerned should we all be about how much the US government borrows? We investigate with the help of Kent Smetters, professor at the Wharton School of the University of Pennsylvania and Betsey Stevenson, Professor of Economics and Public Policy at the University of Michigan.