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Old 09-16-2008, 06:15 AM   #1
JSErwine
Avalon Senior Member
 
Join Date: Sep 2008
Location: Iowa
Posts: 73
Default GDP VS. Debt ?

US GDP as I understand it, is basicaly the value of what is produced by our labor force each year? So if this is correct and we have a GDP of roughly 14.5 billion and our national debt is 9.7 trillion.

19.7t / 14.5b = 669 years of free labor to repay debt

someone please tell me I'm wrong
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