"surging debt" is a correct and usable phrase in written English.
It refers to a sudden and significant increase in debt. Example: The country's economy was struggling under the weight of surging debt, causing concern among citizens and economists alike.
Surging debt and property overinvestment stem from flaws in the economy's foundations.
Critics, by contrast, said that New Jersey could not afford to add to the state's surging debt load of $30 billion.
The failure to coordinate global finance Given the global financial crisis — which cost $4 trillion in lost output and an estimated 28 million jobs, as well as surging debt and deficits (much of the cost borne by countries, businesses and individuals who did not directly cause the crisis) — the case for global financial coordination is indisputable.
Dumb Debt Dealings The way the Obama Treasury Department is financing our surging national debt is reckless and dangerous.
A financial crisis and the deepest recession in decades enveloped Americans in gloom, and even after the recession ended a tepid recovery and surging national debt looked to some symptomatic of a superpower in decline.
Until now, most fears about surging government debt have focused on borrowing by European countries like Spain, Greece and especially Britain, which is also in the midst of a sizable bank bailout.
Liberalised global finance and rising inequality may thus have led to surging public debts.Reasonable doubtOther economists wonder whether income inequality is not wrongly accused.
The two authors continued: "The current environment of low interest rates, which has so far kept debt service payments under control in G-7 economies despite surging deficits and debt levels, provides a window of opportunity to set the adjustment process in motion".
So the surge in debt reflects a surge in money Americans owe to other Americans.
British general government debt is surging — not at Greek levels yet, but getting there.
The move was the latest effort by policy makers to damp rising household debt and surging property prices, which last month rose at the fastest pace in three years, threatening economic expansion.
