U.S. debt – follow the numbers
January 22, 2010Jon Brooks Comments OffI don’t pretend to understand what all the numbers on this US. National Debt Clock mean, but I will give you one impression I have: They don’t look good. Especially when you click on the snapshot below and see the numbers actually moving in one direction: up.
For some perspective, however, look at the following chart,from ZFacts.com. It shows the debt as a percentage of GDP, from about a year ago. Still not good, but only about 2/3 of what it was immediately after WW II.
On the other hand, a lot of the money from those years went toward defeating the Nazis and Imperial Japan. This time, the enemy — who and what it was is still being debated — seemed to come from within.
Maybe when the crisis is officially over, we’ll have a V-G Day. Victory Over Greed.
