A lot of people have this false notion that the U.S. has suddenly, as a nation, started adding debt like never before. This is because we hear about these giant government debt numbers every day, but rarely hear about the private side of the equation -- which is even larger and is falling.
Thus the point here is to disprove the notion that America is massively adding debt. The government is, but the country as a whole (inclusive of the government binge), isn't. In fact, debt growth is slowing like never before in recent history.