Today's chart shows US government debt load surging past $34 trillion with no sign of slowing.
Why it matters
Later this year the US will elect a new president. Jobs, healthcare, and immigration are the top issues according to the WSJ.
History shows that US presidents can't — or won't – curb deficits. Investor David Friedberg sees debt as America's great weakness:
"The problem with the two party system is you vote for your party … And I'm not excited to vote for a candidate that's not making their priority to fix the fiscal problem … For me, it's like, a car driving towards a wall and you've got your foot on the gas pedal. Which guy do you want to keep the foot on the gas pedal? I don't care. We got to take the foot off the gas pedal. That's the point."
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Chart via David Ditch
