> It’s not just US debt that’s a problem. It’s also state level and local level. It’s also corporate level. Worse than government actually, because the governm

> It’s not just US debt that’s a problem. It’s also state level and local level. It’s also corporate level. Worse than government actually, because the government deficit is caused by several trillion-level tax cuts that were financed by government debt. Corporate debt comes on top of that. > A lot of the debt is hidden too. Accounting is even worse in corpo-land. > Politicians corruptly waste money to helping themselves, Again, Wall Street is worse, politicians don't become billionaires - billionaires buy their way into politics. > Governments are far, far more wasteful and inefficient than anyone realizes. Compared to corpo-land, governments are frugal.