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Message
re: Saudi posts record $98 bn deficit in 2015
Posted on 12/28/15 at 2:36 pm to sleepytime
Posted on 12/28/15 at 2:36 pm to sleepytime
quote:
That really isn't bad at all. The debt per capita is only a few thousand while in the U.S., it's around $58,000 per person.
It's not even debt. Its just a deficit for the year. That makes it 100x's worse than the US current situation. They have a surplus which it would take years for us to get back to, if ever.
1
Posted on 12/28/15 at 4:07 pm to stevengtiger
quote:
It's not even debt. Its just a deficit for the year. That makes it 100x's worse than the US current situation. They have a surplus which it would take years for us to get back to, if ever.
You do realize the last time the US was debt free was 200 years ago right? Been running debt since 1835. And since 1838 people have been tearing their clothes, weeping and wailing: "think of the kids!" "how will our children ever repay this burden?".
LINK
This post was edited on 12/28/15 at 4:11 pm
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