And don’t worry, our debt isn’t quite excessive. $19 trillion is a big number, but it isn’t terribly extreme for a country of our size, and it’s to be expected following the most recent recession. And, in terms of per-capita debt and percent of GDP, our debt isn’t as high as a lot of other countries.
Stop Worrying About National Debt
Anna Senneff
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It’s funny too, because the people who insist on treating a sovereign currency issuer like a household or a business [coincidentally?] ignore the debt/asset ratio — among other leverage metrics — that would be used to analyze those private sector entities.