Comments on: Will coming debt ceiling deal save America’s AAA credit rating? http://blogs.reuters.com/james-pethokoukis/2011/07/15/will-coming-debt-ceiling-deal-save-americas-aaa-credit-rating/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: FBreughel1 http://blogs.reuters.com/james-pethokoukis/2011/07/15/will-coming-debt-ceiling-deal-save-americas-aaa-credit-rating/comment-page-1/#comment-12685 FBreughel1 Sat, 16 Jul 2011 14:42:05 +0000 http://blogs.reuters.com/james-pethokoukis/?p=9595#comment-12685 Here is an interesting site (probably not owned by Goldman Sachs): http://www.usdebtclock.org/ Here is an interesting site (probably not owned by Goldman Sachs):
http://www.usdebtclock.org/

]]> By: FBreughel1 http://blogs.reuters.com/james-pethokoukis/2011/07/15/will-coming-debt-ceiling-deal-save-americas-aaa-credit-rating/comment-page-1/#comment-12682 FBreughel1 Sat, 16 Jul 2011 14:22:26 +0000 http://blogs.reuters.com/james-pethokoukis/?p=9595#comment-12682 Great article. One returning comment: I noticed again that, in this case Goldman Sachs, when it comes to US debt figures are wrongly shown in NET debt. Only paying back NET debt means that the US Government is planning to DEFAULT ON STATE PENSIONS. The definition comes from Keynes WHEN THERE HARDLY WERE ANY STATE PENSIONS. Please notice that this is somewhat annoying because the entire MODERN WORLD reports in GROSS debt. So stop doing it. (I suspect the source of the problem lies with some patriots at wiki) The US Government debt is $ 12,4 Trillion on $12,7 GDP is around 97 %. Easy sum, isn't it ? This is higher than Portugal and Ireland, so now you now why America's debt is more often on European television than small Greece. Greece doesn't even effect our internal trade, the US is going to ruin the world. Great article.

One returning comment:
I noticed again that, in this case Goldman Sachs, when it comes to US debt figures are wrongly shown in NET debt. Only paying back NET debt means that the US Government is planning to DEFAULT ON STATE PENSIONS. The definition comes from Keynes WHEN THERE HARDLY WERE ANY STATE PENSIONS. Please notice that this is somewhat annoying because the entire MODERN WORLD reports in GROSS debt. So stop doing it. (I suspect the source of the problem lies with some patriots at wiki)

The US Government debt is $ 12,4 Trillion on $12,7 GDP is around 97 %. Easy sum, isn’t it ?
This is higher than Portugal and Ireland, so now you now why America’s debt is more often on European television than small Greece. Greece doesn’t even effect our internal trade, the US is going to ruin the world.

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