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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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The United States is not facing bankruptcy, it is bankrupt.
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Poster Handle
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Royy |
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Post Content
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As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.
Quoting: davvi As a student who is currently studying economics, i have no idea what you are talking about. Our yearly deficit(expenditures-revenue) is about 1.3 trillion. I'm not quiet sure where u get this 222billion or the 16 billion.
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