bapu
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a simple question
Is the US Debt (percentage wise) the same as a household making $200K/year with a $800K or a $10M home mortgage?
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jamesg1213
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Re:a simple question
2011/04/18 15:34:58
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I dunno.
But..if every country in the world has a national debt..then who's doing the lending?
Jyemz Thrombold's Patented Brisk Weather Pantaloonettes with Inclementometer
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spacey
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Re:a simple question
2011/04/18 15:38:20
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To me its the same...I can't imagine either one.
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dlogan
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Re:a simple question
2011/04/18 15:58:30
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Bapu - I think it's the equivalent of someone making $200k having $190k in debt. The current US Debt level is about 95% of GDP.
James - here is the answer for the US:
The U.S. debt is over $14 trillion, and is the sum of all outstanding debt owed by the Federal Government. Nearly two-thirds is the public debt, which is owed to the people, businesses and foreign governments who bought Treasury bills, notes and bonds. The rest is owed by the government to itself, and is held as Government Account securities. Most of this is owed to Social Security and other trust funds, which were running surpluses. These securities are a promise to repay these funds when Baby Boomers retire over the next 20 years.
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dlogan
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Re:a simple question
2011/04/18 16:10:41
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Or if you measure it based on total debt vs. federal tax revenue, it would be like someone making $200k having about $1 Million in debt.
post edited by dlogan - 2011/04/18 16:12:18
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bapu
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Re:a simple question
2011/04/18 16:15:20
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dlogan
Bapu - I think it's the equivalent of someone making $200k having $190k in debt. The current US Debt level is about 95% of GDP.
Than based on that analogy, I could theorize the US is better off than the average Californian. If the average Californian makes $75K/yr, they are on average in debt for well over $200K (being a salary to mortgage "estimate" by me).
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bapu
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Re:a simple question
2011/04/18 16:17:35
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dlogan
Or if you measure it based on total debt vs. federal tax revenue, it would be like someone making $200k having about $1 Million in debt.
Ok, that sounds abysmal.  Your other measurement appeared more optimistic.
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marcos69
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Re:a simple question
2011/04/18 17:01:03
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jamesg1213
I dunno.
But..if every country in the world has a national debt..then who's doing the lending?
China.
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space_cowboy
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Re:a simple question
2011/04/18 17:14:32
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Some people call me Maurice SPLAT Pro lifetime, ADK 6 core 3.6Ghz with 32 GB RAM, SSD 1TB system drive, 3 3TB regular drives for samples, recordings and misc. Behringer X Touch, UAD Apollo Quad. 2 UAD2 Quads PCI (i think - inside the box whatever that is), Console 1. More guitars (40??) and synths (hard and soft) than talent. Zendrum!!!
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space_cowboy
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Re:a simple question
2011/04/18 17:17:03
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Some people call me Maurice SPLAT Pro lifetime, ADK 6 core 3.6Ghz with 32 GB RAM, SSD 1TB system drive, 3 3TB regular drives for samples, recordings and misc. Behringer X Touch, UAD Apollo Quad. 2 UAD2 Quads PCI (i think - inside the box whatever that is), Console 1. More guitars (40??) and synths (hard and soft) than talent. Zendrum!!!
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space_cowboy
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Re:a simple question
2011/04/18 17:22:45
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Some people call me Maurice SPLAT Pro lifetime, ADK 6 core 3.6Ghz with 32 GB RAM, SSD 1TB system drive, 3 3TB regular drives for samples, recordings and misc. Behringer X Touch, UAD Apollo Quad. 2 UAD2 Quads PCI (i think - inside the box whatever that is), Console 1. More guitars (40??) and synths (hard and soft) than talent. Zendrum!!!
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SteveStrummerUK
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Re:a simple question
2011/04/18 20:02:57
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jamesg1213
But..if every country in the world has a national debt..then who's doing the lending?
Jonbouy 
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bapu
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Re:a simple question
2011/04/18 20:18:41
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SteveStrummerUK
jamesg1213
But..if every country in the world has a national debt..then who's doing the lending?
Jonbouy
PWF!
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craigb
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Re:a simple question
2011/04/18 20:36:52
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Other than a cell phone bill I need to pay, I am out of debt (as of last Friday) for the first time since I was 15 (when I was first given a credit card). Even when my credit cards were at zero balances, I still owed for houses and cars.
It is a liberating feeling... I'd celebrate, but I can't afford that right now. Heh...
Time for all of you to head over to Beyond My DAW!
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