Comments on: The $24.7 Trillion Question http://gibrannicholas.com/2009/02/12/the-247-trillion-question/ Dialogues with Myself... Fri, 12 Mar 2010 05:59:08 +0000 hourly 1 http://wordpress.com/ By: Bruce Brown http://gibrannicholas.com/2009/02/12/the-247-trillion-question/#comment-6 Thu, 12 Feb 2009 20:31:09 +0000 http://gibrannicholas.com/?p=171#comment-6 Are you serious? When we calculate a clients’ debt ratio we divide what they earn by what they spend. Divide what our government will earn year by what they will spend and tell me what that ratio is. People don’t get loans when they’re running a deficit because they can’t pay it back.

Comparing the total output of our economy to our national debt is like comparing an autoworkers debt to the income of the entire company.

]]> By: M Miranda http://gibrannicholas.com/2009/02/12/the-247-trillion-question/#comment-5 Thu, 12 Feb 2009 19:24:11 +0000 http://gibrannicholas.com/?p=171#comment-5 No matter what your comparisons are in regard to US debt, the bottom line is that this country continue on an expending spree of money they don’t even have. Nothing is done to fix the housing market and financing market.

Putting a band aid on a open wound will not heal it until you closed it. Foreign investors have lost the confidence in the US treasury bond and the dollar. Americans don’t care about other countries debt ratio, they are concern with a growing socialist government with a lack of respect to capitalism.

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