Cassandra uses information gleaned from the EconoPundit to place the current U.S. debt level in historical perspective. Three charts demonstrate 1) this country is far from its peak debt level, in terms of real dollars (that peak occurred in 1946), and 2) there are other Western countries carrying more debt than we do. Furthermore, 3) our debts are more "collateralized," in that enormous swaths of the U.S. are owned by the Federal government.

For the short version of the story, go to Cassandra's blog (first link above). For the same charts plus some fascinating insights (including an interesting comparison of China now to Japan in the 1990s) go to the EconoPundit link.

Via Beautiful Atrocities.

Posted by: Attila at 11:24 AM | No Comments | Add Comment
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