The utterly unbelievable scale of U.S. debt right now - News Summed Up

The utterly unbelievable scale of U.S. debt right now


Taken together, they basically constitute every major consumer, media, industrial and entertainment product in the United States. Coincidentally, this $8.75 trillion debt surge is the same as the combined value of all the gold ever mined. If Bezos’ fortune was used to cover all U.S. federal spending, it would run out in only 11 days. This would be just enough for every single household in the United States to buy a brand-new Nissan Versa. When accounting for the total $22 trillion debt, that per-household share jumps to $185,000, enough to buy a new Ferrari or Bentley.


Source: National Post February 15, 2019 15:11 UTC



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