My Bubbly me

blondhousewife:

While the mainstream media argues about contraception, real news is happening.

The IMF released this little graph today, it should scare you. But I highly doubt it does.

What does this mean?

Well, as the graph clearly indicates, America’s per capita government debt is worse than that of Portugal, Ireland, Italy, Spain, Greece (PIIGS), and France.

Get that? America’s per capita debt is worse than the PIIGS! You know, the countries primarily responsible for pulling the euro-zone into financial catastrophe?

And it gets worse. As the Budget Committee notes, under the president’s plan, gross federal debt will reach $75,000 per capita by 2022.

Big deal. How important is this anyway?

Considering that per capita debt is a means of gauging the likelihood of a country’s ability to repay its debts, that is, it helps determine whether a country’s government bonds are at risk of default, I’d say that it’s a pretty big deal.

I know, economics is hard.

That truly is terrifying