The Cellar - The National Debt

The Cellar (http://cellar.org/index.php)

- Current Events (http://cellar.org/forumdisplay.php?f=4)

- - The National Debt (http://cellar.org/showthread.php?t=15846)

richlevy

11-02-2007 09:12 PM

The National Debt

I had a conversation with a co-worker in which I mentioned the national debt.

She took the line that the national debt vs GDP is actually low and better than many EU nations.

This is the theory put forward here, where the author doesn't see any issues until the debt/GDP rations is %75!

So, is this guy out to lunch or is he correct? Personally, if my credit card debt were %75 of my income, I'd be in deep trouble.

Undertoad

11-02-2007 09:55 PM

Do you have a mortgage?

richlevy

11-02-2007 11:36 PM

Quote:

Originally Posted by Undertoad (Post 403073)

Do you have a mortgage?

Not for %75 of the value. Also, like a mortgage, the GDP can decrease in value while the debt never will unless payments are made.

Undertoad

11-03-2007 01:15 AM

My mortgage is three times my annual salary, what's yours?

xoxoxoBruce

11-03-2007 11:41 AM

Does that mean when the national debt is paid, I'll own Halliburton?

All times are GMT -5. The time now is 11:21 PM.