Quote:
|
Originally Posted by KRL
The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $41,800.
Our total GDP is $13.7 Trillion. Our external debt is $8.8 Trillion. The estimated total wealth of the US is over $30 Trillion. So our debt as a percentage of our wealth is fine.
|
But the economy has been bloated by low rates, not paying bills and we've kept poor uneducated voters happy by allowing the trade deficit to soar. The administration has been adding short term band-aids in order to stay in power.
We?ll know by 2010 if the band-aids were good or bad.