The Real National Debt: $130 Trillion, Give or Take

Discussion in 'Economics' started by nitro, Jun 26, 2010.

Can we ever really repay this astronomical debt?

  1. Yes. We will just sell California and NY just like Greece sells islands.

    1 vote(s)
  2. No.

    5 vote(s)
  3. I don't know.

    1 vote(s)
  4. I don't care since the US dollar isn't worth the paper it is printed on anyway.

    2 vote(s)
  1. nitro


    "... Fourteen trillion seconds ago, Greenland was covered by lush and verdant forests, and the Neanderthals had not yet been outwitted and driven into extinction by Homo sapiens, because we did not yet exist. Big number, 14 trillion, and yet it doesn’t even begin to cover the real indebtedness of American governments at the federal, state, and local levels, because governments don’t count up their liabilities the same way businesses do..."