U.S. Debt Now Equal to Economy (USAToday)

"The soaring national debt has reached a symbolic tipping point," reports USA Today. "It's now as big as the entire U.S. economy."

"The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion."

"The total national debt topped the size of the economy for three years during and after World War II. It dropped to 32.5% of the economy by 1981, then began a steady climb under President Reagan, doubling over the next 12 years. The combination of recession and stimulus spending caused it to soar again under Obama."