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>World debt is about 69 trillion with a population of 7.8 billion. That's under $9k USD per person. That's a bizarre way to cut it for a number of reasons. For
by harambae 6y ago
>World debt is about 69 trillion with a population of 7.8 billion. That's under $9k USD per person.
That's a bizarre way to cut it for a number of reasons. For example, half of the world lives on less than $5.50 per day [0].
The more relevant statistic is the US national debt is $26 trillion [1] and the additional unfunded liabilities dwarf that. There are 143 million US taxpayers. It's something like $160k per US taxpayer [2]. Much of it can/will be printed away but not without other consequences.
[0] https://www.worldbank.org/en/news/press-release/2018/10/17/nearly-half-the-world-lives-on-less-than-550-a-day https://www.worldbank.org/en/news/press-release/2018/10/17/n...
[1] https://www.usdebtclock.org/ https://www.usdebtclock.org/
[2] https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...