H8tank Posted June 30, 2009 Share Posted June 30, 2009 Quote Link to comment Share on other sites More sharing options...
H8tank Posted June 30, 2009 Author Share Posted June 30, 2009 Will any of you admit to understanding what this means? Debt is growing faster than gross domestic product. Under the CBO's most realistic scenario, the publicly held debt of the U.S. government will reach 82 percent of GDP by 2019 -- roughly double what it was in 2008. By 2026, spiraling interest payments would push the debt above its all-time peak (set just after World War II) of 113 percent of GDP. It would reach 200 percent of GDP in 2038. http://www.washingtonpost.com/wp-dyn/conte...9062701979.html Comprehend? Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted June 30, 2009 Share Posted June 30, 2009 The Japanese are already deficit spending to the tune of 120% of GDP, interestingly enough with no inflation. Quote Link to comment Share on other sites More sharing options...
H8tank Posted July 1, 2009 Author Share Posted July 1, 2009 Being content about a $333 BILLION DEFICIT is like being happy that gas dropped at the pumps from $2.40/gal to $2.20/gal. (Except of course it's really now going the other direction again. Quote Link to comment Share on other sites More sharing options...
H8tank Posted July 1, 2009 Author Share Posted July 1, 2009 So, I'm no economist... but we're still accruing 333 billion dollars of debt this year alone? And this is good news because we're not going into larger debt? As Spain would say... this is like winning a tallest midget contest. It's not really good news... but it's slightly better than awful... so that's good? Quote Link to comment Share on other sites More sharing options...
H8tank Posted July 1, 2009 Author Share Posted July 1, 2009 :crickets: Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted July 1, 2009 Share Posted July 1, 2009 The Japanese are already deficit spending to the tune of 120% of GDP, interestingly enough with no inflation. and coming on 20 years of nearly flat GDP. great model to emulate, there. Quote Link to comment Share on other sites More sharing options...
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