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Come on, this is just too easy!
The level of debt is of no consequence; it's really a matter of output! For example, in 1947, debt to output was roughly 120% - 140% depending on if you use GNP or GDP. At that time, it was roughly $290 billion in federal debt, relative to $260 billion in output.
If someone in 1947 said we would never be able to pay off that in 100 years, they would be wrong. The U.S. pays roughly $420 billion in interest payments annually. In 66 years, who knows what the level of the public debt will be. We do know that the interest payments will be somewhere in area of $17 trillion :2razz:
Your logic is filled with more holes than swiss cheese
The debt level is of no consequence? Yea ok
In 1947 we were gearing down from WW2. We had to just fought a massive world war. Europe was in ashes. The United States as a country was completely unharmed and was in a position of massive economic superiority. There are nowhere near those conditions right now, as Obama has nearly doubled the deficit in 5 years.
Chinese agency downgrades US credit rating - FRANCE 24
Dollar slides as relief at U.S. debt deal fades - Yahoo Finance
The shutdown will end up costing the American taxpayer (every citizen at that) $24 billion in economic activity, and about $5.4 billion in tax revenue.
You must be very proud of the men and women you voted for!
How are Government workers paid?
It's just a shifting of resources. An economy isn't sustainable dependent upon EBT and federal workers (paid with taxpayer money) shopping at Wal-Mart