Real US debt levels could be a shocking 2,000% of GDP

• Total US debt including all forms of government, state, local, financial and entitlement liabilities comes close to 2,000% of GDP, according to AB Bernstein.
• The biggest potential load comes from entitlements, but is being pressured from rising levels of federal government debt as well.
• The warnings about potential debt hazards come as the total federal debt outstanding has surged to $22.5 trillion.
• A debt reform advocate says now is the time for the U.S. to tackle the issue, before recession hits.

Read the details here.