A Comment About

How Bad Is the National Debt, Really?

February 21, 2008 - 12:00 am - by Charlie Martin
the_ancient
2008-02-21 02:55:58

Why are you comparing National Debt vs GDP?

Unless we are in a Socialist Country, we the people do not “share” GDP, however every tax payer “shares” the government debit, so the governments “balance” sheet is NOT GDP but only tax revenue, where is where the comparison should be done.

Doing the comparison based on GDP would be like me comparing my personal debt against my employers revenue