Nonsequitur: US Debt Grew Twice as Fast as US Economic Output

October 9, 2013

debtincrease

In layman’s terms, the government borrowed twice as much money as the economy created. We borrowed ANOTHER $2.4 Trillion while we earned only $1.2 Trillion. Read more here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: