The US government has a lot of debt, around $19 trillion of it.
Yes thats a huge, intimidating number on the face of it, but according to Scott Brown of Raymond James, its also not a serious issue.
Just when you thought all the fear-mongering had subsided, the national debt has resurfaced as a topic in this years presidential race, said Brown in a note to clients Monday.
Yes, the deficit is large. No, it is not a problem.
In Browns analysis there are two things happening when people talk about the debt. On the one hand, they are concerned about the current deficit, essentially the rolling short-term additions to the debt. The increase in this, said Brown, is simply a necessity of response to the last recession…
Read the full article at: http://www.businessinsider.com/us-government-19-trillion-debt-not-a-problem-2016-4