America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)
Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day
This is probably a stupid question, but economics has never been my strong suit. Does the debt even matter? The US GDP is like 18 trillion a year. Also I thought I read that the US had originally decided to create a debt intentionally in order to build credit (like way back in the late 1700s and early 1800s). The debt keeps going up but so does GDP does it actually mean anything?Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day