Debt to overtake GDP

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Subject: Debt to overtake GDP Mon Jun 07, 2010 8:34 am

http://www.bloomberg.com/apps/news?pid=20601109&sid=aa0cI64Gx.4E&pos=15

within the next month our National debt will exceed our GDP, not good!

Community Organizer Posts : 115 Join date : 2010-06-01

Socialism will fail when they run out of someone else's money to spend.

I guess we have to wait until they run out of credit now.

Subject: Re: Debt to overtake GDP Mon Jun 07, 2010 4:38 pm

This is the new 'norm', half of Europe is there as well. Of course, look at how it's working in Greece. We are only months behind the same fate.

Subject: Re: Debt to overtake GDP Mon Jun 07, 2010 6:48 pm

I think it's funny how people used to harp about how limited the Earth's oil supply is/was. Now, it seems we're running short on funds, we should've fired the guy that missed that one.