National debt figures are staggering, running to trillions of pounds in the UK and tens of trillions of dollars in the US. Headlines warn of unsustainable paths and ticking time bombs under our economies. But is government debt really out of control?

And in today’s Dumb Question of the Week: Is government debt just like household debt, only much bigger?

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The Trillion Pound Question: Is Government Debt Out of Control?

Many Happy Returns