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As of July 28, 2010, the "Total Public Debt Outstanding" was approximately 93% of annual GDP. -- Wikipedia It'd suck, but we could pay that off in 20 years if
by cschneid 16y ago
As of July 28, 2010, the "Total Public Debt Outstanding" was approximately 93% of annual GDP. -- Wikipedia
It'd suck, but we could pay that off in 20 years if we cut the budget to something maintainable. Not optimal, but nowhere near your "so broke hurf durf, never pay it off".
- technomancy 16y ago> if we cut the budget to something maintainable ... which would be in the best interests of the country, but against the best interests of a given single politician, so it's very unlikely.
- cschneid 16y agoI agree, it'd be a very hard political decision. But the hurf-durf about us being beyond-broke is overblown, at least currently. I do however agree that the trajectory we are on is going to screw us.
- devmonk 16y agoU.S. debt held by public as % of GDP projected at 230% by 2035 and 1000% by 2080 at current rate by Peterson Foundation (a non-politically affiliated NPR sponsor): http://www.pgpf.org/~/media/PGPF/Media/PDF/2010/04/16/04162010_Fiscal_Outlook_G2_mmp.ashx http://www.pgpf.org/~/media/PGPF/Media/PDF/2010/04/16/041620... For more numbers: http://www.pgpf.org/Issues.aspx http://www.pgpf.org/Issues.aspx