« previous next »
Pages: [1]   Go Down

Author Topic: national debt  (Read 616 times)

Cromespyder

  • Time Out
  • Getbig IV
  • *
  • Posts: 1450
national debt
« 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
Logged

Cromespyder

  • Time Out
  • Getbig IV
  • *
  • Posts: 1450
Re: national debt
« Reply #1 on: January 26, 2008, 06:54:20 PM »
Logged

Deicide

  • Getbig V
  • *****
  • Posts: 22921
  • Reapers...
Re: national debt
« Reply #2 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.
Logged
I hate the State.

Cromespyder

  • Time Out
  • Getbig IV
  • *
  • Posts: 1450
Re: national debt
« Reply #3 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.
Logged
Pages: [1]   Go Up
« previous next »