The following video by Learn Liberty has done an excellent job explaining the US Debt situation in a unique way that adds depth to understanding.
How far in debt is the US government? It’s important to know how much US debt there is since the US Dollar is the Reserve Currency in the World.
The video doesn’t just cover the current US debt. It covers much of the US Debt in the form of unfunded liabilities, which is the real canary in a coal mine, such as social security and Medicare payments.
This US debt situation in not sustainable under the current monetary paradigm. Something will have to change and change fast.
Debt is not just a personal and family issue. It’s an international issue.