To be perfectly honest, the primary reason I posted this was that I found it interesting. It's just fun to know how things really are - even if there is no direct applicability to my current circumstances. I didn't see this covered much in the mainstream news, so I posted it here in the hopes others would also find it interesting.
For a more tangible reason, I'd say it's important for would be entrepreneurs to understand the state of the US (and world) economy. The fact is that America is borrowing vast sums of money, which is going to have a direct impact on us.
In the short term, it's likely to increase inflation, telling us that maybe we shouldn't be hording cash right now (and maybe it's a good time to borrow money ;-)). In the long run, it may deepen the credit crunch and cut many consumer's effective discretionary spending power.
But mostly I just posted it cause I found it interesting ;-)
For a more tangible reason, I'd say it's important for would be entrepreneurs to understand the state of the US (and world) economy. The fact is that America is borrowing vast sums of money, which is going to have a direct impact on us.
In the short term, it's likely to increase inflation, telling us that maybe we shouldn't be hording cash right now (and maybe it's a good time to borrow money ;-)). In the long run, it may deepen the credit crunch and cut many consumer's effective discretionary spending power.
But mostly I just posted it cause I found it interesting ;-)