Over at Ace's there is nice write up about the true nature and your, our, my share of the National Debt.
"Our debt is 105.6% of our GDP. If everything we earned for 1 year and 19 days went directly to paying off debt, we would be in the clear. In the meantime, you would be kicked out of your house for not paying property taxes, in legal trouble from not paying state of federal income taxes, and looking kind of thin from subsisting on moss soup and acorns. Clearly, this will not be fixed in a year. Or two, or five."
Click the above to RTWT