Real US debt levels could be a shocking 2,000% of GDP, a Wall Street report suggests

CNBC ^ | 09-09-2019 | Jeff Cox

[1Old Pro]

Actually it was the first year of his second term, and the Democrats handed his head to him politically. Backed by the voters, almost none of whom wanted to hear reality.

Yep, thus the shift in politics to "forgiving" student loans, paying everyone $1,000 a month, providing free healthcare to all. The fact is everyone would be better served in the future with a public/private social security plan. But people resist change unless it's perceived as a free giveaway.

[Steamburg]

Screw the facts, there’s an election to steal.

[fella]

If our nation was a normal family it would have been in debtors prison since 1935.

[fella]

"Screw our grandchildren, Let’s Party!"

We pasted our grandchildren under LBJ now we're talking about our grandchildren's grandchildren.

[redinIllinois]

Great info

Thanks for posting!!!

[servantboy777]

Crying shame. Older savers have no place to go for decent returns/low risk.

The debt is so large now, raising interest rates stacks tens of billions to the national interest payments.

Just stare at the national debt clock for awhile. Scary sorta debt.

https://www.usdebtclock.org

[SunkenCiv]

from the David Leonhardt keyword:

• Media Decide Deficits Are OK In Obama Era [2009]
• Obama's Budget Plan Sweeps Away Reagan Ideas [2009]
• NYTimes: Obama's Economic Ideas Great... Just Like Hitler's Were? [2009]
• Richly Undeserved [2009]
• New York Slimes: We're Measuring the Economy All Wrong [2018]
• In Health Care Bill, Obama Attacks Wealth Inequality [2010]