Things could be a lot worse. This is a graph of government debt per capita in various countries:
[Via slides here. The graph is also discussed in the video.]
Mark Thoma
View all articles by Mark Thoma on CBS MoneyWatch»
Mark Thoma is a macroeconomist and time-series econometrician at the University of Oregon. His research focuses on how monetary policy affects the economy, and he has worked on political business cycle models. Mark is currently a fellow at The Century Foundation, and he blogs daily at Economist's View.
