America's Debt Is Greater Than The Eurozone And The U.K. Combined

America's Debt Is Greater Than Entire Eurozone's (and U.K.'s) Combined Debt -- Weekly Standard

The Republican side of the Senate Budget Committee will release this chart later today, clearly showing that America's debt is greater than the combined debt of the entire Eurozone and the U.K.

As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the data refers to closing 2011 numbers.)

The Eurozone is larger than the United States, so America's debt per capita also exceeds the Eurozone's. According to the Census Bureau, the U.S. has a population of 313 million, whereas the Eurozone has a population in excess of 331 million.

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My Comment: The above figures do not included what has been promised in social security, medicaid, etc.. in addition, this debt graph is already out of date. For an up to date number, go here.

What's will be the consequence of this debt are (at least to me) obvious .... inflation, cuts in programs, and (for the readership of this blog) a smaller national defense.