I've seen many recent headlines about the debt passing the $8 trillion mark (...and, unsurprisingly, zero headlines about GDP passing the $12 trillion mark). Also, there's a lot of buzz about all of our debt that's currently owned by foreigners. Is all of that supposed to scare me? I guess so, judging from the tone of those gloomy articles.
But I thought it might be advisable to check the facts before rushing out to convert all my assets into gold coins, firearms, and survival gear.
Here are the facts. Please do two things: (1) click to enlarge; (2) email me if you spot something I should be afraid of. [UPDATE: See also - "Pie chart of who owns the National Debt."]
