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TheThirdMan
David Pakman Show
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Comments by "TheThirdMan" (@thethirdman225) on "What happens when red states run out of money?" video.
California is the fifth or sixth largest economy in the world.
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@ Source? Half a trillion dollars? You’re going to need to back that up with a citation. By the way, debt as a measure of economic health is not very useful. It makes for good headlines but provides no context. Just as you have provided no context. There are many other things that decide how healthy an economy is and there are different interpretations for each of them. In some respects, debt is not always bad thing but again, context matters. But just to humour you, half a trillion dollars debt would not be terribly surprising for the fifth largest economy in the world. In fact, overall, California pays its way with a debt to GDP ratio that is better than 80% of other states. But I would caution you against taking your economic information from 47. Trumponomics will kill America stone dead.
9
@ Prove it.
3