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Thread: Yep. Seems legit.
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08-15-13, 02:39 PM #15
Re: Yep. Seems legit.
Governmental accounting is a total nightmare. One point to remember, a majority of US Debt is held by guess who - the US Government. So these balance of payments issues INSIDE the Treasury are really not that unique or nefarious. It's all a big game of beg from Peter to pay Paul.
Also the incessant focus on the actual dollar amount of debt outstanding is misplaced. The focus should be on the percentage of GDP our national debt represents. That is a more meaningful comparison.Red_Lizard2 liked this post
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