Wednesday, June 09, 2010

Forgive us our debts

So, the Obama debt will be $19 trillion in 2015, larger than the GDP. This is 19 million times a million, a 19 followed by 12 zeros: $19,000,000,000,000. That's $26 million dollars a day for every day since the birth of Christ...

I am no economist, but is there some reason that my common-sense belief that this is catastrophic and disastrous is wrong?

And if GWB had set such a thing in motion, that we'd be hearing about it in apocalyptic screams 24/7?

Why is this mega-debt a good thing?

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1 comment:

S.Marner said...

$678.25

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