Does America Face a Debt Crisis? : LUSENET : Economic History (and Related Observations) : One Thread

The US federal debt is some $5.5 trillion (including as much as $1 trillion in total borrowing from Social security and other Trust Funds)

The S&P 500 has a debt to equity ratio around 20:1 (perhaps ten times higher than historically sustainable levels).

The Amerian consumer has had a savings rate near or below zero for years.

Does all this mean a a looming debt crisis or can we continue to "buy our way to prosperity?"

Thanks ~Bob

-- Bob Hyneman (, April 29, 2002

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