Bad things happen when people are under water with their mortgages. What if the nation is under water with debt?

Washington spending and debt has gotten so immense that it is all but impossible to envison its scope. But Let Freedom Ring has come up with an excellent spot that puts it in a meaningful context:

When the market value of somebody's home is less than their mortgage, they are said to be “under water.” That's when foreclosure time is near. So what happens to a country when its debt – it's “mortgage” – exceeds the total value of its economy? Who forecloses on a country that is “under water?”

Check it out:

Beltway ConfidentialOpinionUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Kindergarten teacher Chris Johnson in his classroom at Bryant Elementary School ahead of the school’s reopening on Friday, April 9, 2021. (Kevin N. Hume/S.F. Examiner)
SFUSD students are going back to the classroom

After more than a year of distance learning, city schools begin reopening on Monday

Keith Zwölfer, director of education for SFFILM, stays busy connecting filmmakers and studios with public, private and home schools<ins>.</ins><ins> (Kevin N. Hume/S.F. Examiner) </ins>
Streamlined SF film festival focuses on family features

In the early days of the San Francisco International Film Festival, the… Continue reading

“Gay Passover,” a fun Haggadah, includes some cocktail recipes. <ins>(Courtesy Saul Sugarman)</ins>
A Passover journey toward something different

It was nice to see my family, and I look forward to reconnecting with friends

Oakland A’s left fielder Tony Kemp fielded a fly but missed the catch in the April 5 game against the Los Angeles Dodgers at the Oakland Coliseum. <ins>(Chris Victorio/Special to S.F. Examiner)</ins>
Bay Area sports for week of April 11, 2021

A look at the upcoming major Bay Area sports events (schedules subject… Continue reading

The involving historical novel “The Bohemians” imagines photographer Dorothea Lange’s life in San Francisco. (Courtesy photo)
‘Bohemians’ explores life of legendary photographer Dorothea Lange

Artist’s talent, compassion revealed in Jasmin Darznik’s historical novel

Most Read