Yet Another US Debt Infographic

Tyler Durden's picture




 

Probably the most amusing thing about this latest US debt infographic courtesy of FX Fatcat, which by now everyone has seen in some capacity, is how out of date it is, as the latest debt is $15.518 trillion, or $100 billion more than shown here in "March 2012."

US Debt Infographic
[Via: Amazing penny facts about the US debt]
View a larger copy of the US debt infographic along with the code to add this infographic to your own website.

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Mon, 03/12/2012 - 12:10 | 2247414 Moneyswirth
Moneyswirth's picture

Awesome.  Just fucking awesome.

Mon, 03/12/2012 - 12:13 | 2247423 Banksters
Banksters's picture

I have heard from reliable sources that Trav will spend the better part of the day attempting to pull his boyfriend's foreskin over his head.  

Stay tuned.

Mon, 03/12/2012 - 12:18 | 2247452 SilverIsKing
SilverIsKing's picture

Which head?

Mon, 03/12/2012 - 12:24 | 2247478 Banksters
Banksters's picture

Cranium.    He and robo are quite exotic...

Mon, 03/12/2012 - 12:53 | 2247595 resurger
resurger's picture

"Thus, we see the true nature of debt: a financial form of slavery. Debt is designed in such a way that, like a fly caught in a spider’s web, the more it struggles, the more entangled it gets; the more it struggles to break free, the more it arouses the attention of the spider, which quickly moves in to strike its prey – paralyzed – with its venom, so that it may wrap the fly in its silk and eat it alive. Debt is the silk, the people are the fly, and the spider is the large financial institutions – from the banks to the IMF. The nature of debt is that one is never meant to be able to escape it. Hence, the “solution” for Greece’s debt problem – according to those who decide policy – is for Greece to acquire more debt. Of course, this new debt is used to pay the interest on the old debt (note: it is not used to pay OFF the old debt, just the interest on it). However, the effect this has is that it increases the over-all debt of the nation, which leads to higher interest payments and thus a greater cost of borrowing. This, ultimately, leads to a need to continue borrowing in order to pay off the higher interest payments, and thus, the cycle continues. For all the “bail outs” and aims at addressing Greece’s debt, this prescription inevitably results in greater debt levels than those which induced the debt crisis in the first place."


Mon, 03/12/2012 - 14:25 | 2247891 Thamesford
Thamesford's picture

I think you're suffering from Bernanknephobia!

Mon, 03/12/2012 - 14:34 | 2247938 grid-b-gone
grid-b-gone's picture

This is like the company store of 150 years ago, but efficiently packaged in modern electronic and international form.

Just as 150 years ago, wages and goods need to be priced at a level to prevent workers from exiting the arrangement.

Only those who can personally deleverage or command higher-than-normal wages can escape the debt snare.

Mon, 03/12/2012 - 13:37 | 2247734 LowProfile
LowProfile's picture

Gonna be hard to maintain the zinc standard if they mint all those pennies...

Mon, 03/12/2012 - 12:19 | 2247458 smlbizman
smlbizman's picture

who here is old enough to remember the good ole days when a billion was ALOT....man that was like 2 yrs ago....how time flys

Mon, 03/12/2012 - 14:14 | 2247852 trav7777
trav7777's picture

nah man, if i was gay i would only date circumcised men

Mon, 03/12/2012 - 12:43 | 2247552 Silver Bug
Silver Bug's picture

It's out of date today and they probally made it only a week ago. That is the scary thing.

 

http://davidmorganblog.blogspot.com/

Mon, 03/12/2012 - 12:11 | 2247417 Irish66
Irish66's picture

Put it on the mastercard

Mon, 03/12/2012 - 12:14 | 2247429 Racer
Racer's picture

The Bank of Generations of Unborn children

Mon, 03/12/2012 - 12:16 | 2247441 SheepDog-One
SheepDog-One's picture

Theyve got this.....soylent green combined with pink slime will sell for quadrillions!

Mon, 03/12/2012 - 12:31 | 2247498 espirit
espirit's picture

Default already, it's insured.

Mon, 03/12/2012 - 12:47 | 2247570 Tortfeasor
Tortfeasor's picture

So will a gallon of milk, a loaf of bread, two sticks of butter....

Mon, 03/12/2012 - 15:26 | 2248122 LFMayor
LFMayor's picture

bought with an ebt or WIC card, no doubt.   Who knew the truth back in '76 when that aired on Sesame Street?  Riot insurance sure has gotten pricey over the years.

Mon, 03/12/2012 - 12:20 | 2247461 non_anon
non_anon's picture

cut that credit card in two

Mon, 03/12/2012 - 13:49 | 2247779 Vagabond
Vagabond's picture

If the dollar is going to die, deflation seems impossible, so hyperinflation it is... shouldn't I incur as much debt as possible?

Mon, 03/12/2012 - 12:38 | 2247529 CrashisOptimistic
CrashisOptimistic's picture

Factoid:

The US gov't will borrow about 35% of spending this year.

Japan's number?  49%.

Mon, 03/12/2012 - 13:38 | 2247736 faustian bargain
faustian bargain's picture

US borrowing is more like 43%, isn't it?

Mon, 03/12/2012 - 20:32 | 2249072 Hard Assets
Hard Assets's picture

I have been thinking about Japan for at least a decade. Here's a little island, relatively densely populated, 0 resources, the first to hit the baby-boomer wall (aka oldest citizens) and debt beyond anything imaginable.

Other little islands of despair not too far behind might include England, Ireland, etc.

The "island" of Europe is again "resource-less", old, spoiled and perhaps(probably?) beyond rescue & hope.

Add in the relentless and increasing demand for oil, mix in the inevitable plateau (at best) of oil supply and what do you have?

TEOTWAWKI.

 

Mon, 03/12/2012 - 14:02 | 2247805 Thamesford
Thamesford's picture

What's not in your wallet?

Mon, 03/12/2012 - 12:12 | 2247419 SemperFord
SemperFord's picture

We're number one? :-O

Mon, 03/12/2012 - 12:12 | 2247420 SheepDog-One
SheepDog-One's picture

Nice graphic....$684,000 debt per 'family'....'Load up the kids honey and fill up the tank! Im feelin the 'wealth effect'...lets head to the Apple store new IPad 3's for everyone, on me'!

Mon, 03/12/2012 - 12:17 | 2247445 CH1
CH1's picture

And "per working family" would be much worse.

Mon, 03/12/2012 - 14:45 | 2247988 BooMushroom
BooMushroom's picture

How's about "per tax paying family?"

Mon, 03/12/2012 - 17:16 | 2248554 A Nanny Moose
A Nanny Moose's picture

...and per taxpaying individual.

Mon, 03/12/2012 - 12:20 | 2247464 847328_3527
847328_3527's picture

"Make that three iPads, over easy witha  few apps on the side.....yes, charge it to my Unlce...Uncle Sam (aka, taxpayers)."

Mon, 03/12/2012 - 13:14 | 2247665 Overflow-admin
Overflow-admin's picture

new IPad 3's for everyone, on you!

Mon, 03/12/2012 - 12:14 | 2247427 LongSoupLine
LongSoupLine's picture

 

 

wow, old school data...(but, then again, so now is the $15.518T you just quoted.)

Mon, 03/12/2012 - 12:14 | 2247428 dildo o flaherty
dildo o flaherty's picture

'Change' you can believe in!

Mon, 03/12/2012 - 12:22 | 2247468 Hansel
Hansel's picture

Chains you can bereave in.

Mon, 03/12/2012 - 12:42 | 2247549 Shizzmoney
Shizzmoney's picture

Imagine what happens when Sallie Mae and Wall St stick the taxpayer with student loans.

The US det maybe in a bubble once and for all.

Read this WaPost article and if it doesn't put you on tilt, you have no soul:

http://www.washingtonpost.com/business/student-loans-seen-as-potential-next-debt-bomb-for-us-economy/2012/03/05/gIQAM0iF4R_story_1.html

Mon, 03/12/2012 - 14:00 | 2247795 Vagabond
Vagabond's picture

From the article: "Since graduating in May with a master’s degree in geographic information systems, Gray has been unable to find full-time employment"

 

Why would this girl go through graduate school incurring debt all along the way in such a specialized industry if a job wasn't a sure thing?  Go to school for something you'll be able to use, or don't go at all.  Certainly do not spend money you don't have just because that's "the next step after highschool", or to get a degree that will have questionable use.  For example, If I was interested in geographic information systems, I would go to school as a database programmer (and stop after undergrad) and apply to jobs at companies working on maps or other geographic products.  OOPS.  Maybe we need more intelligent guidance counselers.

Mon, 03/12/2012 - 14:17 | 2247867 trav7777
trav7777's picture

wtf is geographic information systems anyhow?  get a real degree, one of the 5 or so E degrees

Mon, 03/12/2012 - 14:26 | 2247886 Chump
Chump's picture

GIS is the lazy man's geomatics.  Not that it doesn't have a use, but it certainly doesn't require a degree.  More like a semester-long class or a couple weeks hands on experience for the motivated.

ETA: A MASTER'S degree in effing GIS???  Are you KIDDING me?  What a buffoon.

Mon, 03/12/2012 - 14:50 | 2248002 Joseph Jones
Joseph Jones's picture

While visting Stevens-Heneger recently, a friend overheard a conversation between two students, one of whom did not know the title of the class in which he was having trouble, nor his major field of study.

Tax dollars at work. 

Tue, 03/13/2012 - 09:29 | 2250031 Chump
Chump's picture

Lol, not that I care about junks, but it is telling that whoever is butthurt over reading the truth about GIS doesn't have the ability to craft an intelligent defense.

Mon, 03/12/2012 - 16:30 | 2248366 Arthor Bearing
Arthor Bearing's picture

More intelligent ________

Guidance counselors, parents, teachers, students, coaches, basically everyone who influences a child's decision. Instead we have children who are raised thoughtlessly by television and cliches. Why? Well, cui bono? I won't go so far as to say that children are idiots because of a massive conspiracy, but if a media tycoon suddenly stumbled upon a money tree you wouldn't expect him to chop it down for firewood, right?

I speak as somebody relatively young who has been through it all and his a stack of debt of his own. And I'm willing to take on the responsibility, but I can't help but thinking of all the people who could have pointed out that there were better decisions, but who didn't mostly because they hadn't thought it through themselves.

Mon, 03/12/2012 - 16:35 | 2248386 Edelweiss
Edelweiss's picture

It amazes me how many college grads I meet with nearly useless degrees.  I work with several, who at some point realized they could not command a great salary with a bachelor's in "animal science", or my favorite, a master's in "sports management".  Let's not forget the ever popular "kinesiology".  The people I know in this category make in the neighborhood of $11/hr-$22/hr, and many returned to school for a second degree.  Good luck paying off a student loan making that.  What surprises me (I guess it should'nt) is how many of them I see playing with the latest ipud, etc.  What could be better than one debt you can't pay off?  Two debts you can't pay off, of course. 

Mon, 03/12/2012 - 23:57 | 2249560 StychoKiller
StychoKiller's picture

My Daughter's getting a MS in Microbiology, so if she can't cure you, she could kill you with this:  http://budk.com/Swords/United-Black-Yoru-Doragon-Forged-Katana-Damascus-...

since she also has a black belt in Kumdo (& 3rd degree black belt in Tae Kwon Do)

Mon, 03/12/2012 - 12:48 | 2247577 Tortfeasor
Tortfeasor's picture

Stealing this.

Mon, 03/12/2012 - 12:15 | 2247432 NotApplicable
NotApplicable's picture

This should end well.

Mon, 03/12/2012 - 12:15 | 2247435 Everybodys All ...
Everybodys All American's picture

When the storm hits it's going to be a category 5.

Mon, 03/12/2012 - 12:17 | 2247444 SheepDog-One
SheepDog-One's picture

Cat 5 Shiticane.

Mon, 03/12/2012 - 12:17 | 2247442 The Navigator
The Navigator's picture

Taxpayers RoboSigned for individual and family debt.

Mon, 03/12/2012 - 12:17 | 2247446 azzhatter
azzhatter's picture

But I thought everything was fixed, job market is booming which surely means rapidly increasing tax receipts. How can this be? I would have thought we were almost paid off by now. I heard so much good news on CNBC I almost popped a boner

Mon, 03/12/2012 - 12:17 | 2247447 Dr. Engali
Dr. Engali's picture

I wonder why they don't show the federal reserve as the entity which the U. S. owes the most?

Mon, 03/12/2012 - 12:20 | 2247462 SheepDog-One
SheepDog-One's picture

The FED central banksters have been benevolently buying up all our bonds for us for free, soon theyll demand repayment in full. And everyone will then go 'HUH? What the hell just happened'!

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