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Short primer on the National debt

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Aug 29, 2011.

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  1. mrskeet410

    mrskeet410 TS Member

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    A Short Primer on the National Debt

    With a return to 1990s growth rates, the debt-to-GDP ratio could drop to 56.7%, about where it was in 2000, in just one decade.

    By JOHN STEELE GORDON

    With the national debt certain to be a front-and-center issue in the 2012 campaign, it is important to understand the true measure of its size. That size seems to vary considerably in news reports. Some news organizations use the debt held by the public, others use total debt. Still others report total future liabilities of the federal government, without making clear what, exactly, that means.

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    See link for complete article.

    http://online.wsj.com/article/SB10001424053111903480904576510660976229354.html?mod=WSJ_Opinion_LEADTop
     
  2. Leo

    Leo Well-Known Member

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    And where is that growth going to come from? The factories that are boarded up? The 20 million workers that need jobs? Convincing people to cash out all the equity in their homes to stimulate consumable markets? (oh wait, that was done during the clinton years, never mind) How about we crash and burn the savings and retirement programs? (never mind that's been done too) I guess we can sell oil (opps, that has been stifled, never mind)
    OK, I am out of ideas, where is the growth going to come from?
     
  3. billyboy07208

    billyboy07208 Member

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    We will threaten our way out of this.
     
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