And now you expose your inability to read basic data. Total debt. Not annual deficits.
Dilbert_X wrote:A colossal problem ahead is going to be the evaporation of wealth when baby-boomers come to sell their businesses for fractions of what they thought they were worth - because there just aren't people with the money to buy them.http://upload.wikimedia.org/wikipedia/c … ld_map.PNG
FEOS wrote:And our "outgoings" from a federal government perspective, each year, are a fraction of our GDP, not "even huger", as you put it.
2009 Public Debt As a Percentage of GDP
They figure you quoted suggests the US is one of the worst off countries in that respect.
GDP Is often quoted by people who want to mask things like balance of trade and national debt problems.
I'm sure I could turn over a ton of money every year if I borrowed a few million dollars, took in investments from suckers and further loans and spent it all in the short term.
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular