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Economic Update: America IS NOT Drowning in Debt

Posted by nexvucapital on April 10, 2013

We wish to highlight a great piece from Joe Weisenthal which challenges the generally adopted premise that “America is Drowning in Debt.”

In the words of Mr. Weisenthal: “The US has far more assets and net worth than debt, and we don’t really owe much to the outside world.”

Access the full article:  http://www.businessinsider.com/america-is-not-drowning-in-debt-2013-4

US Domestic Net Worth is 550% of GDP:

Net_Worth_as_%_of_GDP

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