I strongly recommend this 30 minute movie on the growing debt of the USA which stands at $53 trillion as on now -
http://www.youtube.com/watch?v=O_TjBNjc9Bo
In the movie, a list of all countries arranged with decreasing trade surpluses is shown. The data is from the year 2007. In that list, China is at the top with a huge trade surplus, and at the bottom is USA with huge trade deficit! India stands 5th from the bottom!
The USA’s direct debt is $11 trillion. Add the medicare and social security obligations of the government and it balloons to $53 trillion.
This point has also been explained very well in Chris Martenson’s crash course at – http://www.chrismartenson.com/crashcourse
Posted by abhir 
