Tag Archives: debt
End of the American Dream.
I saw an article online here: http://sacramento.cbslocal.com/2014/11/26/uc-davis-economics-professor-there-is-no-american-dream/ That talks about how there is no more upwards mobility at all, and that the American Dream is dead. I was going to do a short comment, but it turned out much longer … Continue reading
Increase in Borrowing doesn’t lead to Increase in GDP
A friend called me up with an interesting analysis. The supposition was that if the Government is going at least $1,000,000,000,000 into debt every year in order to “Save the Economy,” shouldn’t the economy (the GDP) be growing at a … Continue reading
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Tagged debt, debt service, Deficit, Federal Government, Federal Reserve System, GDP, gdp growth, Government debt, United States
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Danneskjold Repossessions 