Debt reality class. When you see governmental debt it is ONLY Federal debt. Most country's in the world have governmental systems that are more federal than the United States. Last I remember states have 2.5 Trillion in debt and local governments another 2 Trillion. Those numbers must eb added to our federal debt to make good international comparsions.

It is a mistake to think businessmen are more immoral than politicians!
Keynes, 1937