Reply to thread

This is where I have a huge issue. 


Imagine this...

I owe 50 thousand dollars!

Now my company last year made $500,000


Personal debt $50 Thousand.

Companies Gross $500 Thousand.

Personal debt % of Company Gross = 10%


This year my company made $1 Million in sales, and I went $5 Thousand more in debt.

So now...

Personal Debt = $55 Thousand.

Company Gross $1 Million.

Personal Debt % of Company Gross = 5.5%  (a 4.5% drop!)


So I come home to my lovely wife and tell her the great news! My debt as a percentage of the companies gross sales has gone down! (I'm not married)


What does my lovely wife do?  She pulls out the bank statements and says "we still owe $55 thousand, 5 grand more than last year"...  Sometimes women can see through male b*****


What's my point?  My point is, debt as a percentage of GDP is totally irrelevant.   If our government owes 5 trillion, it still owes 5 trillion regardless if that's a higher, or lower percentage compared to GDP.


And as one of the other informed posters on here pointed out... our total debt, *not* 'on budget, off budget'... but total debt increased every year during Clinton.  There was not one single year in the last 20 where the debt actually decreased.  It never happened, it was a lie, it was fudging the numbers, it was a "governmental Enron" situation during the 90s.   The surplus never existed.  Time to open those eyes to reality :eek:


Back
Top