Now, liberals can explain how to expand the national debt to their constituencies!!!!
DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube
DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube
Very entertaining. You had a very nice opportunitiy to avoid the labeling in this string's title, but once again, you chose not to. Regardless, I thoroughly enjoyed the video.
That video is excellent.
But they left off the part about the borrower also being able to print his own money.
Excellent video
The only correct thing to do is balance the budget at least and should pay off all borrowings before going for a balanced budget
Ian
The UK national debt to GDP ratio is now over 80%. The US national debt is $15.5 trillion, the GDP is $15.1 trillion. The US national debt to GDP ratio is now 102%, or 22% higher that the UK.
United Kingdom Government Debt To GDP
The national debt at the end of the Clinton presidency was $5.73 trillion. The national debt at the end of the Bush presidency was $10.62 trillion, a gain of $4.89 trillion. The last two years of the Bush presidency were under a democrat controlled congress and senate. The national debt today is $15.5 trillion. In 3 years and 2 1/2 months Obama has run the debt up $4.88 trillion, $.01 trillion less than Bush in 8 years.
The national debt at the end of the Clinton presidency was $5.73 trillion. The national debt at the end of the Bush presidency was $10.62 trillion, a gain of $4.89 trillion. The last two years of the Bush presidency were under a democrat controlled congress and senate. The national debt today is $15.5 trillion. In 3 years and 2 1/2 months Obama has run the debt up $4.88 trillion, $.01 trillion less than Bush in 8 years.
You need to work on reading skills.
My post was about public + private debt. UK is second highest in the world, behind Japan on total debt to GDP ratio.