All great truths begin as blasphemies.

- George Bernard Shaw

The Tipping Point Exists

There are those with no understanding of economics and/or history who believe that government debt can increase without end and there will no adverse impact on the economy. Others understand there is a tipping point.

The $11,976,279,000,000 in U.S. government debt held by the public on Sept. 30, 2013 was $5,668,968,000,000 more than the $6,307,311,000,000 in debt held by the public on Obama’s first inauguration day.

That is an increase of 89.879 percent—or approximately 90 percent.
[Read]

Keep increasing at this rate and we will all see the tipping point...soon.

posted at 23:17:11 on 10/02/13 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt