The federal deficit was 67 percent of our GDP in 2011, which is pretty bad, but not as bad as in that of the U.K., Italy, Japan, or Greece, according to a chart compiled by The Heritage Foundation, a conservative think tank. And, they claim, if our current rate of debt continues, we'll match Greece's level in about 2030.
The Congressional Budget Offices released a mixed batch of budget figures on Tuesday afternoon (PDF) that are bound to impact the election, though it's not clear who looks worse.
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