The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart

As the high-stakes wrangling over the fiscal cliff gets underway, we though it might be the proper moment to remind everybody just how the United States managed to become the world’s biggest debtor.

So, here’s how….

Read it all.

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Posted in * Culture-Watch, * Economics, Politics, Budget, Census/Census Data, Economy, History, Medicare, Politics in General, Social Security, Taxes, The National Deficit, The U.S. Government

One comment on “The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart

  1. lostdesert says:

    A very misleading story. The federal debt when combined with state debt should frighten everyone. CA is some $16 billion in the hole and growing. No one cares to address any of this while my children and grandchildren and great grandchildren will be slaves to the federal govt. The other problem not really defined here is that today govt runs it all; education, health care, agriculture, housing, you name, they run it, not true in generations past. They have looked to big daddy govt and let them take over. I will fight this until the day I die. This is not what our founding fathers gave us and died for. Shrink govt!!!!