Go figure, this is a problem?Our federal debt is approaching $40 trillion and will cross that threshold soon. It has grown by roughly $3 trillion in the past year, even though the annual deficit is about $2 trillion. Debt relative to the economy stands at about 125% of GDP, higher than after World War II when it peaked at 114%. After the war, we exercised financial restraint with the debt growing at less than 1% per year for 20 years. The economy tripled in size, the ratio declined to under 50%, everyone gained. Now the trajectory points to a higher debt and a higher ratio. Current projections, which assume no new wars, recessions, or major programs, put the debt at $64 trillion in a decade. On top of that sit roughly $86 trillion.......(Click link to read more)