The USG owes a substantial amount to itself. http://bilbo.economicoutlook.net/blog/?p=15591&utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economicoutlook%2FFYvo+%28billy+blog%29
Steve Bruns Kelowna, BC On 9-Aug-11, at 5:57 AM, Bill Lear wrote: > If the U.S. debt is 90% of GDP, is it valid then to say that is > similar to a household that earns $100K per year having a $90K debt? > I realize of course that households cannot tax and cannot print > money... > > > Bill > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
