What is US net debt as a percentage of Gross Domestic Product? How much debt?

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Total US Debt: $14.1 TrillionDebt Held by US Public: $9.49 TrillionDebt held by Foreigners: $4.45 Trillion Refer to the link below for source of the information above. Html.

It's a pointless comparison. You might as well ask how much liquor is left in beer bottles after the cops raid the place. GDP is an easy number to add up, but it's basically meaningless.It includes useful work, but also a whole lot of useless things, like almost all military spending and all the money spent on useless and hopeless projects, like that "Bridge To Nowhere".

And it's also pointless to compare debt to GDP, as the debt is not going to be paid out of the GDP, quite the opposite... a major contributor to the debt is money wasted that added to the GDP! A lot of dimbulb economists point to the SIZE of the GDP as suggesting that the debt isn't all that bad, as the debt is not all that large compared to the GDP. That's like saying that you're pretty healthy, because the car that just ran you over was moving towards you and is moving away from you now at 70MPH.

A very silly comparison.

It is a cashflow question. GDP is stuff produced. There is an assumed profit margin and a tax margin accumulated from the GDP.

Therefore, debt as a ratio to GDP assess risk of default. Aren't you afraid of failing? GoldenLion 3 months ago .

Therefore, debt as a ratio to GDP assess risk of default. "Economists love statistics. GDP is a statistic.

But like I said, mostly useless, for so many reasons. No matter what the size of GDP, what really matters is what's in people's hearts. Right now, you may have heard of the "Tea party" movement, whose adherents do not want to pay a penny in taxes.

Then theres the unelected nitwit, Grover Nordquist, that has gotten a lot of legislators to sign a "no tax" pledge. That's the bottom line, not GDP. GDP could be one bazillion dollars a second, but if people don't want to pay taxes, they won't or they will elect representatives that will cut taxes.

Political posturing is not quantitative. You need a metric to determine how much to spend. How do you reduce $2.3 trillion of spending in the next 10 years?

GoldenLion 3 months ago .

It wasn't just "political posturing"-- they have legislator's names written down as signed sworn promises. It was not just "posturing", the Repthugs dug in their heels and at a time when a tax increase was very badly needed, they would not agree to the SLIGHTEST increase. "posturing" is where you make a lot of noise ahead of time, then behind closed doors you do the right thing and compromise.

Nothing like that happened.

Politicians don't keep their promise. They follow self-interest and big money agendas GoldenLion 3 months ago .

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I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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