The US welcomed the new year with yet another grim milestone. The US Gross Federal Debt has crossed $34.0 Trillion (or) $34,000,000,000,000. This number is “meaningless” for many people as the number is so huge its impossible to comprehend. Some may say “who cares”. They might as well run it to $100 Trillion. In an ideal world, the state and policymakers would draw up plans to reduce this debt mountain. The following updated infographic from Peter G.Peterson Foundation offers different takes to understand the nation debt and its impacts:
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Source: THE NATIONAL DEBT IS NOW MORE THAN $34 TRILLION. WHAT DOES THAT MEAN?, Peter G.Peterson Foundation
