Comments on: NBC: National debt a set-up for future shock

By: medical insurance

medical insurance — Sat, 06 Mar 2010 16:56:11 +0000

“By 2020, the agency estimates debt held by the public would reach $20.3 trillion, or 90% of GDP.” We are on an unsustainable path. It will never get there. Public debt of the United States: ~$8 trillion – Federal public debt ~$4.5 trillion – Intergovernmental Holdings ~$2 trillion – State and local governments. Total = ~$14.5 trillion We are already over 100% GDP.

By: Salvador Araujo

Salvador Araujo — Fri, 05 Mar 2010 13:39:08 +0000

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By: David Froemming

David Froemming — Mon, 22 Feb 2010 16:03:42 +0000

Curtis,
I heard something the other day that has a significant impact on the debt we’re experiencing. We have all heard of the disparity between average earnings in the public sector $40k and the public sector $71k. Apparently, there is to be another increase taking the annual federal average to $75k. If this is true, in crude basic terms, that will be a 5.6% increase.
As one who supports this bloated and ineffective government, with my tax dollars, I find that any increase in the public sector at this time is without merit and counter-productive to releaving the unemployment, foreclosures, and budget shortfalls experienced in our economic meltdown.
Do you have any idea if this is true? If it is, I can’t imagine what will happen when those of us, joe six-pacts, find out about it.

By: debt management

debt management — Mon, 15 Feb 2010 20:22:02 +0000

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By: Laura

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