The national debt problem – already bad at about $15.4 trillion — is probably worse than reported. That’s the latest according to a new study on the debt by the accounting firm of Deloitte and Touche, a document that is designed to wake people up to the fact that the debt is whittling away the government’s ability to innovate, construct and grow.

The study found that because of overly optimistic projections, the federal debt is probably much deeper. Keep reading →