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http://globalpolicy.org/component/content/article/214/44197.html http://globalpolicy.org/component/content/article/214/44197.... Build a graph from that data a
by xentronium 16y ago
http://globalpolicy.org/component/content/article/214/44197.html http://globalpolicy.org/component/content/article/214/44197....
Build a graph from that data and you'll be very surprised, I guess.
1980 -- $1.3 trillion
2006 -- $12.8 trillion
[edit]: Oh, there's a graph actually: http://globalpolicy.org/images/charts/SocialEconomicPolicy/trade_buget_deficits/householdgraph.gif http://globalpolicy.org/images/charts/SocialEconomicPolicy/t...
- InclinedPlane 16y agoHow does this contradict my point? The US has gotten richer, and it has also borrowed more. The two are not mutually exclusive.
- xentronium 16y agoToday Bob borrowed $100 from Alice and earned $5 on his daily basis. Bob thinks he became $105 richer while Alice doubts that.
- potatolicious 16y agoIndividual income vs. government borrowing/spending are not the same thing. Your analogy, corrected: Today Bob's parents borrowed $100 from Alice and Bob earned $5 on his own. Bob thinks he became $5 richer, Alice is owed $100, and Bob's parents now have more debt.
- xentronium 16y agoTwo things: 1. Bob's personal debt rose over past years too. 2. Bob's parents are the money issuers. When they decide they can't return their debt they probably make this money worth zero. Whatever, I'm done with that thread, as HNers don't seem to approve :)