The United States of too much debt?
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The U.S. debt clock — which monitors U.S. federal government debt — sits at $17.5 trillion. But when it comes to debt, federal government debt should be the least of our worries. The U.S. government borrows money in its own currency, of which it can print more. Consumers and business can't just print dollars, like the U.S. government can. That makes them much more likely to default on their debt, and mass defaults can result in the devastating losses of economic confidence that trigger recessions and depressions.

The total amount of debt in the U.S. economy, including individual debt, business debt, and federal and local government debt is much higher. It sits on the edge of crossing $60 trillion, meaning that there's over $42 trillion more debt than that issued by the federal government:

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.