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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (183706)3/17/2006 9:20:30 PM
From: neolib  Read Replies (2) | Respond to of 281500
 
$12 trillion? A piffling amount. That's only $40,000 per capita. At Fed interest rates of about 5%, that's only $2,000 a year. With a GDP per capita of $40,000 or so, that's only 5% of annual income.

Might as well double that. No worries!

Normalise by workers, not per capita. That gets you to more like $6K/year per full-time employed. And guess what, they don't have that much disposable income left.



To: Maurice Winn who wrote (183706)3/17/2006 10:44:32 PM
From: geode00  Read Replies (1) | Respond to of 281500
 
Maurice, who has the time to explain basic economics and trade to you?

It's mind-boggling to think that you don't understand what a junior high school kid does about these issues. When you understand these basic ideas, then we can talk about current geopolitical events.


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