Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Politics and Political Issues Board => Topic started by: Cromespyder on January 26, 2008, 04:28:46 PM

Title: national debt
Post by: Cromespyder on January 26, 2008, 04:28:46 PM

can someone explain to me why the national debt at 60-70% of GDP now is much worse now when its been about the same or over 100% for over half a century now. cause we owe more of it to foreign countries or what? just curious. thanks

Title: Re: national debt
Post by: Cromespyder on January 26, 2008, 06:54:20 PM

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

Title: Re: national debt
Post by: Deicide on January 26, 2008, 08:47:21 PM

Quote from: sarcastic on January 26, 2008, 04:28:46 PM

can someone explain to me why the national debt at 60-70% of GDP now is much worse now when its been about the same or over 100% for over half a century now. cause we owe more of it to foreign countries or what? just curious. thanks

Correct son.

Title: Re: national debt
Post by: Cromespyder on January 27, 2008, 05:52:42 AM

Quote from: Trapezkerl on January 26, 2008, 08:47:21 PM

Correct son.

i was also thinking that we probably use the money more to consume than produce like we used to.