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Looks like Greece is going to be up against it for a long time,
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Originally posted by Eagle Road View PostLooks like Greece is going to be up against it for a long time,
http://www.msn.com/en-us/money/topst...Y?ocid=DELLDHP
Charts and analysis of recent and historical US National Debt, including federal state and local debt, starting in 1900.
The federal debt has been on the rise since President Nixon decoupled the dollar from the gold standard in 1971. Learn how and why this opened Pandora's 'Money' Box. We'll also examine how much the debt rose during various periods (from 1966 until today) and where it will go from here. This article is filled with a wealth of information in easy to understand language. If you would like to understand more about the federal government's debt problem, this article is for you. After all, Washington's problems are really "our" problems!
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Originally posted by Joegrane View PostWith our growing debt we will continue down the same path as Greece unless we insist that our representatives be responsible.
Charts and analysis of recent and historical US National Debt, including federal state and local debt, starting in 1900.
http://www.forbes.com/sites/mikepatt...tinue-to-rise/
Except that we (our gov.) can print their own money, and the fact that the U.S. dollar still remains worlds preferred trading tool.
Just fortunate for us that oil price is in the shitter and China's stock market is in free fall.
Our debt to GDP ratio is still "manageable" it is our spending (waste) that needs to be addressed.
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Originally posted by Eagle Road View PostExcept that we (our gov.) can print their own money, and the fact that the U.S. dollar still remains worlds preferred trading tool.
Just fortunate for us that oil price is in the shitter and China's stock market is in free fall.
Our debt to GDP ratio is still "manageable" it is our spending (waste) that needs to be addressed.
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Originally posted by Eagle Road View PostExcept that we (our gov.) can print their own money, and the fact that the U.S. dollar still remains worlds preferred trading tool.....
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