5 common misconceptions about the US’s $32 trillion debt mountain

The national debt balance blew past $32 trillion for the first time this year.AP

  • The US’s $32 trillion debt mountain may not be as bad as it seems.

  • There are some misconceptions surrounding the national debt, according to experts.

  • Still, economists say debt problems could arise in the future given the current rate of spending.

America’s ginormous debt mountain may look like a dire problem for the country, but there are some common misconceptions, experts say, about what the growing debt pile…

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