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US National Debt as if Household Debt

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I'm
not meaning to be political at all so apologies if this offends, but
this helps clarify for me the hole the US has dug for itself regarding debt.


Of course, it's a simplification and isn't exact (for
instance, the interest rate on a credit card is much higher than
interest on the national debt), but it does help me get some
perspective. I have a hard time imagining so many billions and trillions of dollars.

I did not create this image, but the numbers are accurate as far as I can tell. For reference, see:

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

and

http://www.brillig.com/debt_clock/ (the actual national debt is now above 15 trillion)

I think many budget 'cuts' are actually reduction


Added: Jan-31-2012 Occurred On: Jan-31-2012
By: spbster
In:
Other
Tags: budget, household, US spending
Location: United States (load item map)
Views: 1631 | Comments: 14 | Votes: 0 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • I think the people of America should do a similar thing of what I did,.
    I ditched the establishment,.
    I have no credit cards,the wife has ONE (with a ZERO Balance)just in case we need a rental,you can only rent something now days with an Air Money Credit Card,,.
    I ditched all bank accounts,no fees to worry about,.
    I save money like crazy and don't be reckless with my cash,I buy metals,Gold & Silver,my Home & my metals are my retirement,because 401's and IRA's are disappearing,the growt More..

    Posted Jan-31-2012 By 

    (3) | Report

  • Only Ron Paul has the balls to call for real budget cuts. All the other cowards would rather leave the problem for someone else to deal with down the line.

    Posted Jan-31-2012 By 

    (2) | Report

  • Comment of user 'stinkbuttdog' has been deleted by author (after account deletion)!