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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:44 PM Original message |
Simple question: what happens when our national debt exceeds our GDP? nt |
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piratefish08 (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:45 PM Response to Original message |
1. United States of China? |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:46 PM Response to Original message |
2. Nothing |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:02 PM Response to Reply #2 |
10. I don't know, that's why I'm asking. nt |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:04 PM Response to Reply #10 |
13. There are consequences when debt becomes too much of a problem |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:06 PM Response to Reply #13 |
17. Interesting. Thanks for the info. :) nt |
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gateley (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:46 PM Response to Original message |
3. I'm not trying to be funny, but I honestly thought it already had. That we were, |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:49 PM Response to Reply #3 |
4. it already has in the past |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:55 PM Response to Original message |
5. If you own the printing press... |
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suston96 (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:55 PM Response to Original message |
6. Don't remember much about accounting but..... |
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NoNothing (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:58 PM Response to Original message |
7. Nothing in particular |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:03 PM Response to Reply #7 |
12. What is debt "service". |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:05 PM Response to Reply #12 |
15. Interest on the debt |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:06 PM Response to Reply #15 |
16. ahh okay, thanks. :) nt |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:06 PM Response to Reply #12 |
18. It's like paying interest on a credit card. It becomes problematic if interest alone eats up money. |
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zipplewrath (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 03:59 PM Response to Original message |
8. Same as your mortgage |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:05 PM Response to Reply #8 |
14. Thanks for posting a clear and concise answer. :) |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:07 PM Response to Reply #8 |
20. Bad analogy because GDP is not government "income" |
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zipplewrath (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:14 PM Response to Reply #20 |
21. Yeah, I know, just trying to simplify the concept |
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NNN0LHI (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:00 PM Response to Original message |
9. We stop involving ourselves in wars that can't be won |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:03 PM Response to Original message |
11. We borrowed up to 140% of our GDP to fight and win World War 2. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Wed Feb-24-10 04:07 PM Response to Original message |
19. nothing in particular. |
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