Wednesday, January 16, 2013

USA is the nation with most debt by far in the history of human civilization.

USA's total debt, including personal debt, real estate (mortgage) debt, consumer debt, credit card debt and government debt totals  a mega $47,992 Billion USD ($47.9 trillion), roughly 2400 trucks full of money. Source: US Debt Clock

USA borrowed $1229 billion in 2011 - roughly 2.5x towers of cash in the background. USA runs a mega ~35% budget deficit,  far above the 3% max limit set by EU for economic stability standard.

Yet our leaders tell us, we don't have a debt problem, we have a revenue problem. I guess they think we are very very stupid. Based on the last election they may be right.



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