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Reply #1: As a percentage of GDP, a lot of countries have more debt [View All]

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NewJeffCT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-10-09 07:01 AM
Response to Original message
1. As a percentage of GDP, a lot of countries have more debt
including Japan, Italy and other 1st world countries. Japan has $1.75 in debt to every dollar of GDP. The US is approaching $1.00 in debt to every dollar in GDP.

When Bush took office, it was closer to 50 cents in debt to every dollar of GDP.
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  -Asia Times: US debt on default path marmar  May-10-09 06:46 AM   #0 
  - As a percentage of GDP, a lot of countries have more debt  NewJeffCT   May-10-09 07:01 AM   #1 
  - Exactly. The result - over a decade of stagflation in Japan.  leveymg   May-10-09 07:04 AM   #2 
  - However, it doesn't mean we're on the road to default, either  NewJeffCT   May-10-09 07:06 AM   #4 
  - Or increase the job pool's amount of jobs so the lower taxes can be sustained.  Deja Q   May-10-09 07:20 AM   #5 
  - Japan has had two decades of deflation, not stagflation.  Zynx   May-10-09 07:40 AM   #7 
  - yep but there are differences  tocqueville   May-10-09 07:55 AM   #11 
  - This is the sound of the second shoe dropping  ixion   May-10-09 07:06 AM   #3 
  - Anyone who can not see the massive inflation that is coming is blind as a bat  ThomWV   May-10-09 07:35 AM   #6 
  - It's hard to have an outbreak of massive inflation with industrial capacity and labor markets  Zynx   May-10-09 07:44 AM   #8 
     - Why do you think that?  ThomWV   May-10-09 07:54 AM   #10 
  - This is an opinion piece. It is not really an analysis.  Zynx   May-10-09 07:50 AM   #9 
  - This sort of thing....  sendero   May-10-09 08:13 AM   #12 
  - Conflates...  Davis_X_Machina   May-10-09 10:00 AM   #13 
 

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