Tuesday, November 29, 2011

Total US Debt Chart: Government Plus Private Debt

From "A terrifying U.S. debt chart you’ve never seen before" by James Pethokoukis:

Total American debt, from The Enterprise Blog (via Mary Meeker)


  1. THIS is a total misunderstanding: PRIVATE debt is not an issue. It will be resolved case by case. Lots of that debt is actually backed by assets and by the ability to work of the individual who contracted the debt.

    GOVERNMENT debt, on the other hand, is a gigantic problem, because the only way to pay it back is by further robbing people who had nothing to do with it.

  2. Great response!!!!