$66 Trillion: The World Is Drowning In Government Debt

It is far from a secret that the United States and other nations around the world have what sounds like an insurmountable debt load. With trillions and trillions owed to creditors, total government debt has reached the equivalent of $66 trillion as of the end of 2018. Fitch Ratings released a report signaling that this $66 trillion is now almost twice as high as at the end of 2007 — and is now the equivalent of 80% of global gross domestic product.