Just think, the entire American people collectively owe 1/20 what their government does.
Just think, the entire American people collectively owe 1/20 what their government does.
Trust me dude that number is not even remotely close to the truth
Nope - this doesn’t include car loans, student loans, housing loans and a few other types of loans as well. There is roughly $15 trillion in mortgage debt outstanding, plus 1.5T in student loans and another trillion in car loans. Personal debt is pretty similar to US Govt debt in aggregate. Plus, then there is business debt and state/local gov debt as well.