The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude Posted: Oct 11th, 2021 - 1:00 pm In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.
of spending and resulting growth of national debt.
Credit cards are seductive but NOT FREE. I have relatives who charged too much and ended up in bankruptcy court.
When USA national debt gets larger than GDP by some factor, the US$$$ will plummet, imports (now includes oil for gasoline) will cost more and we will turn into Argentina of bygone days.
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- DEBT CEILING ANALOGY - Maybe this helps with understanding. (Views: 875, 2021-10-11, 11:00 am)
- The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude
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