Understanding America's Debt Problem

[Haua (Projects Ningmaster)]

In which John discusses the U.S. public debt, our dangerously high debt to GDP ratio, the S&P's downgrade of America's credit rating, and why our debt may not be as unmanageable as it seems. There's also some general discussion of economics, currency, the gold standard, and the worldwide financial system's dependence of the American dollar.

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When I am not an amateur economist, I write novels. You can preorder The Fault in Our Stars at http://dft.ba/-tfios

[Honig Huhn]

I was unaware of the 1:1 debt:GDP thing, so thanks for the additional info. 

[Mackenzie M.]

I was going to post this as a YouTune comment, but it was too long. Instead it is a blog post. Link here.

Great video!    :)