heh
The article draws the distinction between privately held debt (which you referred to as national debt) and how it is on the rise vs publicly held debt, debt that is owned by the state and federal governments.
Again, show me any piece of information that shows the
rate of growth of national debt growing faster than even ten years ago.
Yes, you're welcome for that explanation
heh
(which you referred to as national debt)
I did NO SUCH THING. Now you're just making shit up.
I made a comment about our out of control debt, that's it period. I said nothing about rate of growth nor did I go into the finer economic details, e.g making the distinction between private and public debt.
You then responded, (only because you thought I was "insulting" Obama, which I did, but not in the way you think, I wasn't it implying that it was all his fault or anything like that, just that he played a key role) with an article from 2012 that compares a
private debt trend that occurred between the periods of 2009 and 2012 to a debt trend that took place after World War 2. The article stated that the economy was "deleveraging". The reason why, private debt fell between those years because we were hit by a recession and it was trendy to cut up credit cards. Public debt between those years stayed relatively the same if not increased. I then responded to this article with an article from 2013. This article shed light on the whole "deleveraging period" and how it was short and sweet and gone.
At what point did I ever refer to private debt as national debt? It was YOU who made that suggestion, not me.
Then you responded to me with another article from Forbes that said "don't worry, our debt rate right now only ranks third on the list fo our worst debt disasters, second to before we went into a recession".
Also, what the hell does "how fast the debt level is rising" have to do with anything? When did I ever mention or state that the debt level is rising faster than ever before? Never.
That is something YOU brought into the conversation not me.
By the way, the only thing that really matters is that our debt level is at RECORD highs, the likes of which no country in the history of the world has ever seen. Period.
