US National Debt: is $32 trillion a big number?

What this episode covers

‘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.

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Frequently Asked Questions

How long is this episode of More or Less?

This episode is 8 minutes long.

When was this More or Less episode published?

This episode was published on June 24, 2023.

What is this episode about?

‘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...

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