"So now you agree that the chart is useless without any reference to the assets that back the debt."
No, I agree that having a national debt is a bad thing and that a national debt backed only by the faith and credit of the US government is not much to go on. Our founding fathers also thought so.
I agree, having more national debt is worse than having less national debt.
and that a national debt backed only by the faith and credit of the US government is not much to go on.
That's funny! What debt would you prefer to hold? What debt is safer than debt backed only by that silly faith and credit?
If you want to complain about the increase in national debt since Bush took office, that's fine. It increased by $2 trillion. While household net worth increased by $10 trillion.