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BIG
PICTURE - $57 TRILLION+ of DEBT in America, & rising rapidly.
The USA economy is 2-3 times more debt-dependent - -
with $36 Trillion DEBT EXCESS compared to prior debt ratios!
Here's one graphic of many shown in the main Total Debt Report,
linked below.
This is A SCARY CHART - showing trends of total
debt in America (the red line, reaching $57 trillion in 2008 vs.
growth of the economy as measured by
national income (blue line). (adjusted for inflation).
That debt increased $3 Trillion in the past year.
Which line goes up faster, the red debt line
or the blue net national income line? Answer:
the debt line.
And, that debt line is going up faster and
faster than national income! Right?
(Perhaps, like this chart, your own personal or business debt is also
going up faster than your own income?)
As mentioned, debt is defined as all U.S. debt (sum
debt of federal and state & local governments, international, and
private debt, incl. households, business and financial sector debts, and
federal debt to trust funds).
This chart shows, for the period 1957 to mid 1970s,
total debt (red line on chart) was increasing close to the growth rate
of national income (blue line on chart), despite war debt for WW II,
Korea and Vietnam.
Explore the world with us on one of our personal;
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BIG
PICTURE - $57 TRILLION+ of DEBT in America, & rising rapidly.
