tag:blogger.com,1999:blog-30926081.post8925127652413552043..comments2023-07-24T04:08:14.076-07:00Comments on Mitch Fincher: The Distracted Programmer: US Debt Approaches 10 Trillion DollarsMitch Fincherhttp://www.blogger.com/profile/06517680094800899962noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30926081.post-21837881271879629172010-02-28T07:49:50.358-08:002010-02-28T07:49:50.358-08:00I do like the chart! Thank You!
But dear JohnFx,...I do like the chart! Thank You! <br /><br />But dear JohnFx, it's actually not the size of the debt that counts. What matters who benefits from the interest payments. <br /><br />I.e. who has the right / privilege to buy government paper in the first place?<br /><br />More on http://publicdebts.wordpress.comAnonymoushttps://www.blogger.com/profile/12522045790445098386noreply@blogger.comtag:blogger.com,1999:blog-30926081.post-20564336797073329502007-10-12T11:47:00.000-07:002007-10-12T11:47:00.000-07:00I know this number gets quoted a lot in scary maga...I know this number gets quoted a lot in scary magazine and news stories, but I do so detest statistics without proper context. <BR/><BR/>Here is that context:<BR/>The debt is currently at around 64% of our annual GDP (effectively our national gross income). <BR/><BR/>Now here comes the perspective. You have to think about this in terms of GDP. Owing $10M in debt is a very different thing for me and Warren Buffet. <BR/><BR/>How do you stack up against American Government in debt management? Do your total debt obligations divided by your annual gross income exceed 64%?Unknownhttps://www.blogger.com/profile/08091923012626621354noreply@blogger.com