Jill On Money: Should you worry about the $40 trillion debt?

By now, you have seen the headlines about U.S. gross debt breaching $40 trillion. As is the case when a market rises above a round number, it becomes an event. For me, it’s a chance to refresh my (seemingly) annual missive about deficits, debt, and how it impacts you. First, some definitions: Deficit This is the nation’s revenue (the amount of money that the government takes in), minus the ...