national debt: EVERYONE NEEDS TO KNOW THE ECONOMISTS' TERM, BROKEN MATH. - 08/15/14 09:57 AM
 
 An economists' concept and term that everyone should be aware of and understand, at least by definition, is known as Broken Math.
Broken Math refers to the fact that the US national debt has well surpassed the annual Gross Domestic product, resulting in massive deficit spending.
That will further increase the debt, almost surely demanding more and more interest payable each year, as interest rates are already presently at historic lows and likely to rise.
Two years ago, the interest on the debt was 2.159% according to treasurydirect.org while GDP increased at a lesser 1.5% annualized rate ... despite Congress, … (3 comments)

 
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