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Originally Posted by james t kirk
When Bushie took over the US debt was 4.9 trillion dollars. Now, 6 years later, your debt is 8.2 billion dollars. It doesn't take a mezmo to figure out that that is an unsustainable path.
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You can not look at debt in a vacuum. The national debt as a percentage of national wealth is about the same has it has been over the last 50 years. Budget deficit spending as a percentage of national income, GNP, is about the same has it has been over the last 50 years.
What is getting worse is government spending as a percent of GNP. Government is growing faster than the economy. Government growth has to stop.