Current Events > United States Debt is 1/4 of total money.

(+) Yeah! (+)

So it's like 20 trillion or so.

According to the CIA, there is 80 trillion dollars in the world.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

We owe 1/4 of what exists...
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Forget about universal health care and free college, soon we'll have more taxes and fewer benefits.
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We have an island with 3 people on it

Person A owes Person B $1
Person B owes Person C $1
Person C owes Person A $1

Total Island debt = $3

You should look at more than just debt

Damn_Underscore posted...

Forget about universal health care and free college, soon we'll have more taxes and fewer benefits.

Thanks Trump.

National debt doesn't function like consumer debt. The important metric is gross domestic product. If you produce at a rate faster than debt accumulation it's moot.

Also money is kind of like the body's circulatory system. If the blood is stuck somewhere and doesn't move it clots. Blood needs to flow, and the economy is much the same way. A fluid economy is more important than this hunter gatherer mentality of hoarding for the long winter.

Sure, a country can outspend what it produces and gets into trouble. Not saying that doesn't exist. But I judge people who look at the national debt and are intuitively scared of a big number and can't contextualize it.
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