by Chad Shoop
The Sovereign Investor
It’s no secret. Our government has a debt problem … a $19.2 trillion debt problem.
It’s also no secret that the majority of Americans also have a debt problem, totaling more than $12 trillion.
It should come as no surprise, then, that corporate America also has a rising debt problem as well. And, thanks to a recent report released by S&P Global Ratings, we now know just how severe the situation is for corporate America — $6.6 trillion in debt and only $1.8 trillion in cash for all 2,000 companies reviewed.
Debt can be a good thing in the right situation. But too much debt is a guaranteed disaster — and that’s exactly what America is facing right now.