![]() |
|
Current Events Help understand the world by talking about things happening in it |
![]() |
|
Thread Tools | Display Modes |
![]() |
#1 |
King Of Wishful Thinking
Join Date: Jan 2001
Location: Philadelphia Suburbs
Posts: 6,669
|
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.
__________________
Exercise your rights and remember your obligations - VOTE!I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. -- Barack Hussein Obama |
![]() |
![]() |
![]() |
#2 |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
|
Do you have a mortgage?
|
![]() |
![]() |
![]() |
#3 |
King Of Wishful Thinking
Join Date: Jan 2001
Location: Philadelphia Suburbs
Posts: 6,669
|
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.
__________________
Exercise your rights and remember your obligations - VOTE!I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. -- Barack Hussein Obama |
![]() |
![]() |
![]() |
#4 |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
|
My mortgage is three times my annual salary, what's yours?
|
![]() |
![]() |
![]() |
#5 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
|
Does that mean when the national debt is paid, I'll own Halliburton?
__________________
The descent of man ~ Nixon, Friedman, Reagan, Trump. |
![]() |
![]() |
![]() |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|