"U.S. Debt-Ceiling Debate"

Discussion in 'Politics & Religion' started by SouthAmerica, May 26, 2012.

  1. May 26, 2012

    SouthAmerica: Regarding the "U.S. Debt-Ceiling Debate"



    <iframe width="420" height="315" src="http://www.youtube.com/embed/yS0xgTlkXGU" frameborder="0" allowfullscreen></iframe>

    Republicans and Democrats having a friendly discussion during "U.S. Debt-Ceiling Debate"


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  2. Ricter

    Ricter

    I have to admit that this

    <img src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/US_Public_Debt_Ceiling_1981-2010.png/375px-US_Public_Debt_Ceiling_1981-2010.png">

    appears to be "decoupled" from the growth of GDP.

    Edit: The only comfort I suppose is that most of the debt is held by us (changed chart)

    <img src="http://upload.wikimedia.org/wikipedia/commons/1/17/Estimated_ownership_of_treasury_securities_by_year.gif">

    http://en.wikipedia.org/wiki/United_States_public_debt
     
  3. There is no ceiling so no debate needed.

    Even if there were a ceiling the politicians would create another set of off the books accounting.

    Where do you think enron learned to do their accounting?