Wednesday, August 26, 2009

Debt To GDP, Or "What Really Matters"

The argument you hear against our debt levels being a problem is that they are only a small portion of our GDP; That we will "grow" our way out of the problem.

Unfortutely, our phony GDP which is made up of 70% consumption is going to evaporate. The debt is set to take off upward. The numbers will continue to go in the opposite (wrong) directions.

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