The total net worth of all the households in the United States is around $70 trillion. Yes, that’s a lot.
However, a family of viable-looking estimates regarding the obligations of the United States government across the next thirty years put the country between $72 trillion to $107 trillion to $120 trillion in the red. (“You know,” Buck Turgidson would say, “depending on the breaks.”) That is, those red numbers are the projected deficits/debts after you’ve paid your taxes.
That’s a lot of red ink. But is it enough for a modern red scare?
Remember that things that can’t continue forever won’t.