According to http://usdebtclock.org/ http://usdebtclock.org/ the $ 21 trillion US national debt is now 114% of US GDP and about a third of that debt is held by

According to http://usdebtclock.org/ http://usdebtclock.org/ the $ 21 trillion US national debt is now 114% of US GDP and about a third of that debt is held by foreign countries. Unfunded liabilities (medicare, social security, veterans benefits etc) is almost a million dollars per tax payer ($940K). Either we are partying and leaving it to our children to clean up the mess or arithmetic does not matter to the US economy. I cannot make sense of it and I had exactly the same feeling in 2001 and 2008.