- U.S. national debt now tops $19 trillion, according to Treasury figures
- Senator Dan Coats: This is a problem requiring immediate action
Sen. Dan Coats, R-Indiana, is chairman of the Joint Economic Committee. the views expressed are his own.
(CNN)Much has been made about a recent TIME cover story that boldly declared that every American man, woman and child owes $42,998.12 to pay off our national debt.