Not Paranoid Just Prepared

A Milestone in United States Debt

Sep
16

Parents, family, teachers, our local community leaders and so on are role models for children and young adults as they grow. As adults we continue to find and look up to figures that represent how we would like to live, do business, models of who we want to be. The United States government can be viewed as a parent that takes care of nearly 320 million children. Our parent is nearly 20 trillion dollars in debt- that is just over 60,000 dollars for each and every person in America. The personal debt per capita is not much better- just over 54,000 dollars. I would advise that we try not to follow our parent’s fiscally irresponsible model, but we citizens are not far behind.

View the debt clock here, with extensive breakdowns from many different financial sectors.
See our post on Preparation and Debt to help get a handle on your own debt and spending.

How did we get into this mess? Who is responsible? Where did money and debt come from? Read on-

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