To: Jack Hydrazine
Comparing just the US publicly held debt to Greece is comparing apples to oranges. Our total debt is almost equal to our GDP. The entitlement programs represent an unfunded liability of almost $60 trillion over a 75 year period.
7 posted on
05/16/2010 1:02:11 PM PDT by
kabar
To: kabar
Comparing just the US publicly held debt to Greece is comparing apples to oranges
One major difference is Greece has no control over her currency as she has effectively ceded her monetary policy to Brussels. Hence Greece cannot depreciate or print money. The US can.
To: kabar
Is that before Obama started spending or after?
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