Is Real U.S. Debt Figure $211T -- not $14.3T?

With the U.S. debt dragon slain--at least temporarily--legislators in Washington and money managers around the world breathed a sigh of relief Monday, after Congress, in intense weekend negotiations, seemed finally to have agreed on a solution to the $14.3 trillion debt ceiling crisis. But is their celebration premature? What if the nation's attention had been focused all this time on the wrong number? What if U.S. debt isn't $14.3 trillion, but bigger by a factor of 14? Time, maybe, to put...Full Story
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