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  • February 27, 2013 at 11:57 AM #20552
    ninaprincess
    Participant

    The US total networth is about $75 tril. At the rate we are going, I wonder when our debt will equal our country networth? Because the power of compound interest, our debt will growth exponentially rather linearly. Anyone out there can calculate when our debt will exceed our networth?

    February 27, 2013 at 12:07 PM #760192
    The-Shoveler
    Participant

    As long as we remain in control of what must be paid back (ie… U.S.A. dollars).,

    It’s just numbers on a computer screen.

    February 27, 2013 at 1:00 PM #760193
    The-Shoveler
    Participant

    Also it is in no one’s interest to stop playing the game and most other first world countries are even further behind.

    And really we can stop playing anytime we need to.
    (it would be hard, but we could do it), very very few others could.

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