Debt is expensive, anti-growth, pro-taxes, even more expensive. @VerydeRugy @Mercatus
Jun 04, 2021, 01:50 AM
Photo: Debt: Berryman Political Cartoon
The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.
CBS Eye on the World with John Batchelor
CBS Audio Network
@Batchelorshow
Debt is expensive, anti-growth, pro-taxes, even more expensive. @VerydeRugy @Mercatus
https://www.realclearmarkets.com/articles/2021/05/27/some_day_there_may_be_a_debt_crisis_so_sell_federal_assets_now_778667.html
The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.
CBS Eye on the World with John Batchelor
CBS Audio Network
@Batchelorshow
Debt is expensive, anti-growth, pro-taxes, even more expensive. @VerydeRugy @Mercatus
https://www.realclearmarkets.com/articles/2021/05/27/some_day_there_may_be_a_debt_crisis_so_sell_federal_assets_now_778667.html