Tag Archives: gross domestic product
debt = gdp
Though estimating the true value of both the national debt and the GDP (gross domestic product) is difficult, President Obama has come out and announced the coming of an event that we who watch economic history in the making have seen for some time. President Obama has endorsed a projection which estimates that this is [...]
Does this make me alarmist? Maybe . . .
The nation of Greece is currently at the center of a debt meltdown due to its ridiculously high spending habits in the past. Thanks to out-of-control spending, the Greek national debt has climbed to about 113% of GDP. A result of that is that investors consider Greek debt more risky, and are only willing to [...]
Posted in bloated government, speculation Also tagged european union, gdp, greece, interest rates, national debt, ronald reagan, united states, warren buffet 1 Comment
On the recent house bill, socialism, etc.
As most likely all of you know, there was a very significant healthcare bill passed yesterday. A friend of mine went so far as to say (via facebook), Hurray, the United States government just declared the Church is officially off the hook in regards to the care of the sick and infirm. Now all we [...]
Posted in bloated government, economics Also tagged abortion, executive order, gdp, government spending, healthcare, kim jung il, medicine, national debt, obama, obamacare, overregulation, poverty, socialism, united states, warren buffet, welfare state 1 Comment
What Gary North Didn’t Tell You about Inflation