US Debt Visualized | Infographic

[Ceyfer √]

$15,000,000,000,000- Unless the U.S. government fixes the budget, US national debt (credit card bill) will topple 15 trillion by Christmas 2011.

- United States national debt passes 20% of the entire world's combined GDP (Gross Domestic Product).

-In 2011 the National Debt will exceed 100% of GDP, and venture into the 100%+ debt-to-GDP ratio that the European PIIGS have (bankrupting nations).

The horrendous reality of US Debt in pictures. Now, is America is living beyond its means? All I can say is Chairman Mao is now very proud of China. AA+


More here ( Infographic! )

• http://www.kleptocracy.us/visualizat...t/budget/2011/
• http://usdebt.kleptocracy.us/

[Bearcat]

Hi Ceyfer.

I have been watching this debt crisis coming on for many years now. It all started when President Nixon pulled the US off the gold standard and went strictly to a paper currency backed only by the "full faith and credit" of the US Gov't. When gov'ts do that, they suddenly have the ability to borrow and print all the money they want, until they finally go broke. It has happened time and again through out history and the US gov't should have known better, but you know what they say, "history repeats itself". Someday in the near to intermediate future this country will go bankrupt because of the enormity of all this debt and a lack of resolve for trying to fix it. I don't know how things will all work out for me personally, but I own my house and the land it sits on, so I am in the process of preparing for the worst.

[JayCub]

I remember John having something to say about this too Bear, creek and paddle come to mind.. you can't print your way out of dept, i thought we had to jump through hoops to have anything passed over here, but the USA is impossible, if they go the rest follow...

[Raymond]

I guess that is the main reason why the US currency keeps on depreciating?

[Bearcat]

I remember John having something to say about this too Bear, creek and paddle come to mind.. you can't print your way out of dept, i thought we had to jump through hoops to have anything passed over here, but the USA is impossible, if they go the rest follow...

Hi Jay. Hope you are doing well my friend! Oh yeah, John and I had numerous discussions on this subject and we both concluded that as is typical of human nature, it will take a disaster, before the people of our country finally face up to the fiscal problems we have and by then it will be too late. Everybody knows we need to cut spending in a large way, but nobody is willing to face the sacrifices involved. I am not a "doom and gloomer" by nature, but this whole business has me very concerned about the future of my family, especially the kids. Also, I too am concerned about the affect it will have on the rest of the world. We made our own problems and it isn't fair that others will suffer for it.

---------- Post added at 08:41 PM ---------- Previous post was at 08:33 PM ----------

I guess that is the main reason why the US currency keeps on depreciating?

Hi Raymond. The main reason the US currency keeps depreciating in value, is that the US Federal Reserve has printed up trillions of new dollars to buy US treasury debt and flood the banking system with liquidity in hopes that it will stimulate the economy. And of course the more dollars there are in circulation the less they are worth and as such, inflation has gone up big time the past two years. That of course hurts the average US citizen, many of whom are unemployed.