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  1. #11
    Council Member Djinn's Avatar
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    Something else to consider - taking the size of a country's economy into proportion, the U.S. does NOT have the largest national debt. Not even close.

    The country with the largest debt (given the size of each country's economy), is Japan. Second place? Greece. The United States isn't in third place. It's not fourth, fifth, or sixth place either.

    Factoring in national economy sizes, the United States has the twelfth-highest national debt worldwide.

    Lots of interesting stuff about the national debt here, which is likely to contradict what you think you know.

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    Quote Originally Posted by Djinn View Post
    Something else to consider - taking the size of a country's economy into proportion, the U.S. does NOT have the largest national debt. Not even close.

    The country with the largest debt (given the size of each country's economy), is Japan. Second place? Greece. The United States isn't in third place. It's not fourth, fifth, or sixth place either.

    Factoring in national economy sizes, the United States has the twelfth-highest national debt worldwide.

    Lots of interesting stuff about the national debt here, which is likely to contradict what you think you know.
    You think America should be number one in this category?

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    Council Member Djinn's Avatar
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    Quote Originally Posted by Miller47 View Post
    You think America should be number one in this category?
    Of course not. But many people (especially conservatives) think that the U.S. has the largest (proportional) national debt. There are eleven countries with a higher national debt - and if you read my link, too much stock is placed in the national debt. Yes - it should be managed, and prohibited from spiraling out of control. But no, it's not the end-all. Our nation has carried a debt every year except 1836 - when it was briefly paid off, in part by using land seized from Native Americans.

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    olguy OlGuy's Avatar
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    National debt is good and up is down. If the threats of losing the petro dollar turn out to be true than 20 trillion of debt is nothing, or a profit for somebody no doubt.

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    RNG
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    Quote Originally Posted by Miller47 View Post
    Don't sell Obama short.

    He managed to add nearly $10 Trillion to the national debt...in only 8 years!

    Thanks Obama!
    You conveniently forget to mention that a significant part of that was for things that Bush the much lesser had already committed to.

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    Quote Originally Posted by Djinn View Post
    Of course not. But many people (especially conservatives) think that the U.S. has the largest (proportional) national debt. There are eleven countries with a higher national debt - and if you read my link, too much stock is placed in the national debt. Yes - it should be managed, and prohibited from spiraling out of control. But no, it's not the end-all. Our nation has carried a debt every year except 1836 - when it was briefly paid off, in part by using land seized from Native Americans.
    Glad we agree with that.

    Obama is responsible for almost half of our total national debt.

    Any discussion of Americas national debt should recognize that fact.

    Thanks Obama!

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    Quote Originally Posted by RNG View Post
    You conveniently forget to mention that a significant part of that was for things that Bush the much lesser had already committed to.
    Spin and twist it any way you want...

    Obama added nearly $10 Trillion to the national debt in only 8 years!

  8. #18
    Council Member Djinn's Avatar
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    Quote Originally Posted by Miller47 View Post
    Glad we agree with that. Obama is responsible for almost half of our total national debt. Any discussion of Americas national debt should recognize that fact.

    Thanks Obama!
    Roughly one-third of the national debt is held by foreign countries. However, under Obama, nearly all of the national debt increase was domestically-held. In other words, interest paid on the debt goes straight into the U.S. economy. Furthermore, much of the debt was incurred providing health care to those who lacked it. Improved health care directly boosts the economy.

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    Quote Originally Posted by RNG View Post
    You conveniently forget to mention that a significant part of that was for things that Bush the much lesser had already committed to.
    Not really, just another excuse thrown out by Obama apologists.

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    Quote Originally Posted by Djinn View Post
    Of course not. But many people (especially conservatives) think that the U.S. has the largest (proportional) national debt. There are eleven countries with a higher national debt - and if you read my link, too much stock is placed in the national debt. Yes - it should be managed, and prohibited from spiraling out of control. But no, it's not the end-all. Our nation has carried a debt every year except 1836 - when it was briefly paid off, in part by using land seized from Native Americans.
    Poorly written article which was not factually accurate. The Week is rather partisan.

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