While the US worries whether Tebowing is a religious imposition and other deep issues the "Size of U.S. debt is now the same as its entire economy: $15.23 TRILLION" says a headline in the UK Daily Mail. America's national debt has reached a worrying milestone - it is now as big as the whole of its economy. The amount owed by the federal government to its creditors, combined with IOUs to government retirement and other schemes, now stands at $15.23 trillion. The government estimated the value of goods and services produced by the economy in a year at $15.17trillion as of September. However not to worry as Many economists, such as the Brookings Institution's William Gale, say a better measure of the nation's debt is how much the government owes creditors, not counting $4.7trillion owed to future Social Security recipients and other government beneficiaries. By that measure, the debt is roughly a third less: $10.5 trillion, or nearly 70 per cent the size of the economy....(Read Full Post)