Jesse's Blog: U.S. debt

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Your pal, Jess
I'm a straight, virgo/boar INTJ (age 53) who enjoys books, getting out into nature, music, and daily exercise.

(my email is JesseGod@live.com)

F.Y.I. There are about 2200 posts..

Here's a quote from Fyodor Dostoevsky to start things off right: Love the animals, love the plants, love everything. If you love everything, you will perceive the divine mystery in things. Once you perceive it, you will begin to comprehend it better every day. And you will come at last to love the whole world with an all-embracing love.

Sunday, May 4, 2014

U.S. debt

my recommendation? only buy what you can afford.

from wikipedia:
On December 12, 2013, debt held by the public was approximately $12.312 trillion or about 73% of Q3 2013 GDP^[5]^[6] Intragovernmental holdings stood at $4.9 trillion (29%), giving a combined total public debt of $17.226 trillion or over 100% GDP.^[7] As of January 2013, $5 trillion or approximately 47% of the debt held by the public was owned by foreign investors, the largest of which were the People's Republic of China and Japan at just over $1.1 trillion each.^[8]

^{I just listened to the white house correspondent's dinner, and decided to fact check the comedian.}
^{OVER 100% is too much, in my opinion.}
^{Personally, I have no debt, and think the US should have Savings, not Debt.}
^{Can we get to Zero debt? Shouldn't we?}