We tend to concentrate on the total debt (which has pretty much always gone up), but we rarely look at the debt as a percentage of GDP, which in my opinion is much more interesting. Just like your credit cards and student loans, how much debt you have is relative to your wealth and income.Too bad American government isn't powered by rational thought.
Read his whole post at http://lifegame.typepad.com/lifegame/2011/02/will-we-ever-get-out-of-debt.html
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