Technology, Philosophy, & Sometimes Both

Thoughts on the World by Jack Umano

Nat’l Debt vs. GDP

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People have complained about the national debt for the last 30 years and longer.  But, it has never really been a problem until now.

Here is a link to a quick graph that you can easily do on Wolfram Alpha.   It is a graph of the National Debt VS. the Gross Domestic Product.  It shows why the current national debt is scarier than ever.  Even though there has been a large debt in the past, it was never anywhere close to the Gross Domestic Product.  Basically, the United States has in the past borrowed money that it was capable of paying off in relatively short order.  Now, the United States is borrowing money that it cannot pay off easily.

Check it out.  Is this an eye opener for you?  I think the United States needs to really focus on the economy and stop meddling in wars on the other side of the world.


Written by Jack Umano

October 12, 2011 at 4:22 am

Posted in Ideas

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