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Neutrino 123 · 02-10-06, 08:39 PM

The national debt is definitely a problem (though not a huge one), and it would be good to reduce it to nothing in a reasonable amount of time so as to get rid of the interest.

However, everyone seems to think only the United States has a debt problem. This is blatently incorrect. A a percentage of GDP (a useful indicator of how much of an actual problem it is), the U.S. at ~65% devt is slightly behind France, Germany, and Canada, so these countries are even worse off then the U.S. Meanwhile, Japan isn't collapsing, and it has a debt as a percentage of GDP of ~2.6 times that of the U.S.

02-10-06, 08:39 PM	#17
Neutrino 123 A-ganger Join Date: Jul 2005 Location: UCLA, Los Angeles Posts: 73 Downloads: 0 Uploads: 0	The national debt is definitely a problem (though not a huge one), and it would be good to reduce it to nothing in a reasonable amount of time so as to get rid of the interest. However, everyone seems to think only the United States has a debt problem. This is blatently incorrect. A a percentage of GDP (a useful indicator of how much of an actual problem it is), the U.S. at ~65% devt is slightly behind France, Germany, and Canada, so these countries are even worse off then the U.S. Meanwhile, Japan isn't collapsing, and it has a debt as a percentage of GDP of ~2.6 times that of the U.S. __________________ Neutrino 123