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<p>[QUOTE=&quot;fatima, post: 1302925, member: 22143&quot;]Statistics are like bras.&nbsp; That is they can promise a lot and reveal very little.&nbsp; It&#039;s best to work with absolute numbers.&nbsp;&nbsp; They tell the real story.&nbsp; </p><p><br /></p><p>Debt, is nothing more than a future claim on labor.&nbsp; So the USA has run up a debt of $15T (and increasing fast).&nbsp; That&#039;s $15T claim on future labor of this country.&nbsp;&nbsp; Last week, the BLS claims there are 101M people working in the USA and they make a median salary of $39K/year.&nbsp; So the labor in the USA earns roughly $4T/year.&nbsp; Earnings have been falling since 2009 according to the US Census.&nbsp; </p><p><br /></p><p>Thus debt is $15T, interest is $1.2T/year, and debt growth (no balanced budget) is $2.5T/year.&nbsp;&nbsp; </p><p><br /></p><p>So growth in the debt is $3.7T/year, but total earnings are $4T (which also has to feed, house &amp; clothe 300M people), and dropping, how do you expect this debt to be paid off?&nbsp;&nbsp; In less than 2 years growth in the debt will be larger than the total earnings of all the people in this country.&nbsp; No absolute number needed for this; it&#039;s a whole lot of not good.[/QUOTE]</p><p><br /></p>

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