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Message Subject The United States is not facing bankruptcy, it is bankrupt.
Poster Handle Royy
Post Content
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.
 Quoting: Royy


rofl
 Quoting: s. d. butler


Whats the rofl for. I honestly have no idea what he is talking about. Our gdp is nowhere near 16 billion and our "yearly indebtedness" is nowhere near 222billion. Our interest on the debt is around 222billion a year thou lol.
 
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