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Critics say there is no national debt


Posted: Dec 4, 2010

Very interesting article ;

Well....when we are about to have raise the debt ceiling... - sam

[ In Reply To ..]
for the second time in as many years, and China holds a lot of our debt....as part of the tax-paying public I am seeing a big debt. And the debt and the deficit are two different animals...so we have a debt problem and a huge deficit problem.

Not sure why any economist who wanted to maintain any credibilty would suggest we do not have a national debt crisis.

And if those wikileaks things keep coming in and we get on the really wrong side of China...what would these critics suggest we do then?

Just askin...

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