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National debt . It is we the people so the National Debt is our debt. What percentage or our personallyprivately owned debt different than the percentage of National Debt. Host take us through the definitions here. Guest the National Debt refers to when referring to the governments budget. There are Consumer Debt measures out there and the Federal Reserve bank keeps track of that. You spend things on your credit card and they show up in Consumer Spending but another set of statistics address that issue and measure that. The financing is different than the spending which is what we measure. Host we have been talking about reports from the bea, how are businesses going to use the reports in the coming weeks, months and years . Guest i dont know if they will use the data to make realtime decisions. In some ways it is just informative to tell us how we got to where we are today. There is a two year lag for the most part. Business tends to be operating in a realtime bases. There is a lot fo

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