April 20, 2012

A chart posted on the Wealthwire website claims the debt of the U.S. government is $15.1 trillion. It stacks that up against the debt owed by the Eurozone and the UK:

In fact, the debt owed to the bankers and “foreign investors” is actually $211 trillion. That would make the bar on the right larger by a factor of 14.

Naturally, this amount of money will be impossible to pay off. Even attempting to pay off a fraction of this amount will result in catastrophe. It has been estimated that even if every American sent in every cent her or she earned or held, it would be mathematically impossible to pay off the debt.

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