2-Debt vs GDP and Debt Ownership

Lets start by looking at what is a reasonable amount of National Debt.  I have to introduce GDP (Gross Domestic Product), and then show Debt as a percent of GDP.  GDP is the total goods and services produced within a country in a year.  It is the economic measure used to compare countries and judge

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1 - Debt and Budget

63% of American believe that the government spends more on defense and foreign aid than it does on Social Security and Medicare. Not true, and not even close if defense ($895B) is compared to mandatory ($2,166B) spending. The current argument in Washington is over cutting less than $100B from discretionary spending. The budget deficit is

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