"U.S. Debt-Ceiling Debate"

S

SouthAmerica

May 26, 2012

SouthAmerica: Regarding the "U.S. Debt-Ceiling Debate"



<iframe width="420" height="315" src="http://www.youtube.com/embed/yS0xgTlkXGU" frameborder="0" allowfullscreen></iframe>

Republicans and Democrats having a friendly discussion during "U.S. Debt-Ceiling Debate"


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I have to admit that this

<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/US_Public_Debt_Ceiling_1981-2010.png/375px-US_Public_Debt_Ceiling_1981-2010.png">

appears to be "decoupled" from the growth of GDP.

Edit: The only comfort I suppose is that most of the debt is held by us (changed chart)

<img src="http://upload.wikimedia.org/wikipedia/commons/1/17/Estimated_ownership_of_treasury_securities_by_year.gif">

http://en.wikipedia.org/wiki/United_States_public_debt
 
There is no ceiling so no debate needed.

Even if there were a ceiling the politicians would create another set of off the books accounting.

Where do you think enron learned to do their accounting?
 
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