US not the only one spending themselves into oblivion

Posted by $ blarman 10 years, 7 months ago to Government
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Russia is following at least one policy of Barack Obama...

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  • Posted by $ blarman 10 years, 7 months ago in reply to this comment.
    Yes, which is really scary. You can't live beyond your means indefinitely - even if you're a government.
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  • Posted by CircuitGuy 10 years, 7 months ago
    "The government there has racked up debt equal to 144 percent of its revenue"
    Isn't US debt in the 12 trillion range. Our tax revenues are in the 4 trillion range.

    Doesn't that mean the US gov't here has racked up a debt equal to about 300 percent of its revenue?
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