I really do reflect the amount of money our regime is spending will get us out of the current mess. If the underlying problems remain, which they likely will, we will not be able to assume anymore debt, and the whole system will collapse. Does this not seem like a valid concern?
I have to give a presentation on subsidized college loans and this is the only thing missing. i cant find the info anywhere. someone help.
Conservatives tout that the US national debt is an emerging crisis that will soon bankrupt the United States. What they don’t say is that a small less than half is intragovernmental debt. That is, money the US regime owes itself. After WWII the US owed 120% of its GDP in public debt. At this time it only owes about 84% and that figure includes the money the regime owes itself. Public debt, what money the govermenet owes others, is about 60% of GDP or half the GDP to debt ratio after WWII.
Why do conservatives try to scare people about a problem that does not exist?