Posted by John in La on January 10, 2015 at 12:52:55 from (96.33.136.54):
In Reply to: Re: 140 acres posted by JD Seller on January 10, 2015 at 12:26:17:
I never could understand comparing debt to GDP.
The GDP is the income of the entire country not the government.
If you compare the debt to what the government takes in (taxes); much like a family comparing its income to its debt (car; house; credit cards) the government debt is well over 600% its income.
Go to a bank and try to get a loan with a 600% debt to income ratio and see how far you get.
When interest rates go back up; and they will one day; this country will be in deep doo doo.
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