This stuff about the federal debt is depressing, but this billion dollar "Peter G. Peterson" foundation is new, and was founded by the founder of the Blackstone Group equity fund. He sold out when prices were high, and set up this billion dollar plus foundation to educate the public about the terrible Federal debt and other budget and economic problems being ignored by Federal elected officials.
The President is the former head of the Federal GAO, David Walker, who spent his last 2-3 years making presentations all over the US and to Congress on the increasing Federal Debt - and that was BEFORE Obama ran up the debt even more.
If you are interested in monitoring this type of subject on the Federal debt, unchecked spending, etc. , go to their homepage at http://www.pgpf.org/and register for free emails. They have just been issuing some grants for teenagers to create online games to educate teens about personal finance, etc so they should be issuing all types of online finance education "tools" over the next few months.
Also download and read their "State of the Union's Finances Citizen's Guide" which is where I got the above graphic.
They also offer online games and software movies to educate them about the Federal spending problems.
vj
