I don't see what all the fuss is about.
The public debt is about $14 trillion.
The economy earns about $14.7 trillion per year.
So your debt to income ratio is about 95%.
That's hardly a big deal. My debts, including my mortgage, are about three times my salary (300%).
So chill out. America is big and it ain't going anywhere so it can afford to build up a little debt to pay for its future and a few Government employees.
I say we've got a little bit of room to spend a bit more. Starting with the roads and bridges, which are appauling.
The public debt is about $14 trillion.
The economy earns about $14.7 trillion per year.
So your debt to income ratio is about 95%.
That's hardly a big deal. My debts, including my mortgage, are about three times my salary (300%).
So chill out. America is big and it ain't going anywhere so it can afford to build up a little debt to pay for its future and a few Government employees.
I say we've got a little bit of room to spend a bit more. Starting with the roads and bridges, which are appauling.