$63 Trillion of World Debt

If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.

In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have taken to the idea of running constant deficits as the normal course of business, and too much accumulation of debt is not healthy for countries or the global economy as a whole.