We have posted several articles in the past talking about the national debt of the United States. On April 1st (an appropriate day in my opinion) we talked about federal taxes and the national debt. BillShrink has talked about Visualizing America’s National Debt and The Growing Problem of National Debt worldwide. Finally, you can also see the U.S. National Debt Clock in Real Time.
Financial Infographics has created a nice graphic, even if it is a bit wordy, explaining the problem of the United States national debt. Their takeaway is that the United States must spend $810 billion less every year just to keep our debt at its current level. That is more than the entire Social Security budget. The other alternative is to raise taxes.
The United States is in some hot water financially. This graphic is a comprehensive look at exactly the kind of mess we’re in.
