Quote:
Originally Posted by IllTestYourGirls
You have to weigh ND with GNP. It is like saying someone who has $4 million and is debt $50k is worse off than someone who has $25k and has $15k in debt.
Our GNP is way higher than with Clinton, and he never had a chance in hell to every try to pay off the debt either.
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More than familiar with the terminology...
What I'm actually saying it the US economy is a mess, and, least at this time, is showing very little, if any, prospects of resolving that situation. The trade balance is a massive deficit, loans are being granted by China (at a rate of $2-$4bill/day) and other countries. There are only two trade surplus areas - wheat and arms - all other trading results in a deficit. (There is also a lot more bad news - but too long to type.)
This ultimately is reflected on currency exchange with a constantly lowering of dollar value over a number of years. The flip side to the lower dollar value results in the US paying more for imports - which in turn, simply increases the debt.