U.S. debt levels to approach critical threshold this year

06/4/2010 | CNNMoney

America's gross debt will equal 90% of its total domestic product this year, a threshold that experts say shaves one percentage point off a country's economic growth every year, impeding job creation and slowing the rise in household incomes. Such a high debt ratio also leads to higher inflation, increased government spending on interest and less available funds for basic civic services.

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