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.
Post A Reply Reply By Email Options
Complete Discussion Below: (  marks the location of current message within thread)
- DEBT CEILING ANALOGY - Maybe this helps with understanding. (Views: 927, 2021-10-11, 11:00 am)
- The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude
|
