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To: Roads End who wrote (228149)3/14/2003 11:52:02 AM
From: patron_anejo_por_favor  Respond to of 436258
 
The world's foremost Marxist-Leninist weighs in on the debt bubble:

Date: Fri Mar 14 2003 10:58
trotsky (skinny. your 7:11) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
this is simply wrong. the "official" US govt. debt total ( i.e. excluding the unpayable future SS and medicaid liabilities ) now stands at almost 70% of GDP. and total US credit market debt stands at 320% of GDP, the highest ever, exceeding even the 1929 bubble top ( 280% of GDP ) . so nothing was 'outgrown'