What’s the Story with Our Long-Term Debt?

Greetings Visual Budget enthusiasts,

The Visual Budget team has some exciting news!

We were recently selected by the Peter G. Peterson Foundation to collaborate on a series of interactive data visualizations about the fiscal challenges facing our nation. Today, we have launched the first visualization in the series, “Long-Term Debt: An Unsustainable Future,” which shows the astonishing impact of our failure to address the causes of our long-term debt.
You can watch the video on YouTube here, but for the full interactive experience, we suggest viewing it on the Peter G. Peterson website here.
We’d love to hear your thoughts about the visualization. In the meantime, stay tuned for additional stories which we will release throughout the fall and winter.
Best wishes,
The Visual Budget Team

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One Response to What’s the Story with Our Long-Term Debt?

  1. Eric Zencey says:

    Thanks for sharing this, Lauren-Glenn.

    Debt is a very complex issue.  I personally think that the problem is the debt-based monetary system, which condemns an economy to try to grow fast enough to pay back huge quantities of debt, which can’t be paid back and which therefore accumulate.  Meanwhile, in the effort to grow the economy to pay back that debt, we run up another, more telling debt:  a deficit in our natural accounts.  We cash out natural capital to create  income.  This practice, widely seen as normal, is as foolish as it would be for a businessman (a pizza store owner, say) to cash out capital (his pizza ovens) in order to make payroll.  If we continue to cash out our natural capital in order to make money, we’ll end up totally broke.  So that’s the deficit I worry about.

    Here are some links that go into this view a bit:

    http://www.theguardian.com/commentisfree/2012/sep/03/debt-federal-reserve-fixation-on-growth

    http://www.frontporchrepublic.com/2010/05/making-money/

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