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Great job Obama!!!! Official Debt / GDP ratio passes 100%
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Topic: Great job Obama!!!! Official Debt / GDP ratio passes 100% (Read 296 times)
Soul Crusher
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Getbig V
Posts: 39256
Doesnt lie about lifting.
Great job Obama!!!! Official Debt / GDP ratio passes 100%
«
on:
December 21, 2011, 02:02:17 PM »
http://www.zerohedge.com/news/its-official-us-debtgdp-passes-100
Great job you Keynsian morons!
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howardroark
Getbig IV
Posts: 2524
Resident Objectivist & Autodidact
Re: Great job Obama!!!! Official Debt / GDP ratio passes 100%
«
Reply #1 on:
December 21, 2011, 02:04:01 PM »
Econometric studies have shown that after the Debt/GDP passes 90%, a full 1% is knocked off economic growth each year. Over time, that 1% makes a world of difference.
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Soul Crusher
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Getbig V
Posts: 39256
Doesnt lie about lifting.
Re: Great job Obama!!!! Official Debt / GDP ratio passes 100%
«
Reply #2 on:
December 21, 2011, 02:04:26 PM »
Can someone tell me how much is enough for Obama to be convinced we are on the wrong track?
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Great job Obama!!!! Official Debt / GDP ratio passes 100%