For every man, woman, and child in America, the country’s debt load amounts to over $50,000 each. As Bloomberg BusinessWeek notes, the national debt has not always been the hot-button issue it is today. In the Kennedy, Johnson, Nixon, and Carter administrations, inflation-adjusted debt per capita dropped. Let’s revisit this chart afer 3 more years of hope-and-change, when total US debt is over $20 trillion.
and while this is surging (and clearly unsustainable), compared to much of Europe, it remains low…
Edited from Bloomberg
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/ouk7oE26h2A/story01.htm Tyler Durden
For every man, woman, and child in America, the country’s debt load amounts to over $50,000 each. As Bloomberg BusinessWeek notes, the national debt has not always been the hot-button issue it is today. In the Kennedy, Johnson, Nixon, and Carter administrations, inflation-adjusted debt per capita dropped. Let’s revisit this chart afer 3 more years of hope-and-change, when total US debt is over $20 trillion.
and while this is surging (and clearly unsustainable), compared to much of Europe, it remains low…
Edited from Bloomberg
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