Suddenly Your Debt Doesn't Seem So Bad (4 pics)

US debt is over $205 trillion which includes internal long term debt such as social security and 401K payouts (economicpolicyjournal.com).

The $17.6 trillion figure is what the US government owes to foreign countries now.

Yeah but that $205 trillion number is a "future promise to ourselves" like promising to pay yourself $200 next week - it doesn't really count (and if it did, it would need to be offset against the potential EARNINGS over that time as well)...

funny how we're so in debt yet hand out so much :15:

styopa - That's not actually how it works.

The idea was to take the money you worked for that was docked off salaries as "taxes" to accrue interest in stocks, bonds, gold, mutual funds, etc.

You realize the population of retirees that will be seeking benefits they paid for in the next 10 years or so, as baby boomers will be eligible for such. The money supposedly set aside to accrue interest is gone. The only option is to print more money which creates hyperinflation.

What is Zimbabwe doing with their useless $100 trillion bank notes? People use it for wallpaper.

^^ to a lot of countries who lay the hate.

ok