Tuesday, August 25, 2009

Debt

Just watching the BBC announce the possible 9 trillion dollar budget deficit in the US. Saying how they find it hard to think about such a big number. Actually I think it is probably worse, but even so that was the sum of their analysis, not a sterling effort. The population census of 2006 put America over 300 million. Comparing that with nine trillion, if I don't have a missing set of zeros, it means that every man woman and child will be in personal debt to the round number of 30,000 dollars. Here in Japan we are already in debt to the tune of 77,000 dollars a head. Worth keeping track just in case someone comes knocking at the door.