Should we be worried about our debt?

John Feffer, who is not an economist, thinks so. Household debt hit a new high ($13.3 trillion) last month. Student debt hit its own record - $1.5 trillion. Mortgage debt at $9 trillion is close to the $10.5 trillion it reached during the mortgage crisis in 2008. Credit card debt surpassed $1 trillion for the first time. Corporate debt hit a new high of $6.3 trillion. And, companies have less cash available to pay that debt - the cash-to-debt ratio, which was 14 percent in 2008, has dropped to 12 percent.