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On the other Japan can not stop deflation random thoughts Send a noteboard - 08/06/2010 05:22:38 PM
.....but it is important enough to repeat. Greece collapsed with a debt to GDP ratio of 113%. In less than 2 years, we will be over 100%.....and there is no one that can bail us out. Most folks don't understand the seriousness of what is going now.


Japan has carried around a 130% debt to GDP ratio for a good while now, and they're still among the richest countries on the planet. The US certainly is going to have a hard time getting its debt lower again, particularly considering how ridiculously fast it's climbing now, but the comparison to Greece is a bit silly.

See the link for a somewhat more serious comparison of various countries. I'm not entirely sure how the differences between the left and right column can be that big, but then I haven't studied the research in detail.
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US Debt to Overtake GDP in 2012 - trzaska2000 - 08/06/2010 04:07:29 AM 657 Views
Didn't we just talk about this? Dannymac - 08/06/2010 04:11:18 AM 321 Views
Not exactly..... trzaska2000 - 08/06/2010 04:18:51 AM 301 Views
It's hard to take seriously... Dannymac - 08/06/2010 05:13:48 AM 308 Views
So, in order to save money, we have to spend more money.....got it. trzaska2000 - 08/06/2010 05:21:59 AM 400 Views
You have heard of the concept of "investment" right? Dannymac - 08/06/2010 04:49:44 PM 291 Views
so you approve of war spending and tax cuts? *NM* random thoughts - 08/06/2010 05:24:56 PM 128 Views
I don't think I said that... Dannymac - 08/06/2010 07:04:18 PM 301 Views
why is it sunk cost? The money my son earned in Iraq he spent here in the US random thoughts - 08/06/2010 07:19:59 PM 307 Views
ur joking, right? *NM* Aeryn - 09/06/2010 03:52:06 PM 130 Views
about which part? random thoughts - 09/06/2010 05:21:15 PM 291 Views
On the other hand... Legolas - 08/06/2010 08:31:37 AM 431 Views
There are some important differences between Japan and the US, though. Vodalus - 08/06/2010 02:56:56 PM 316 Views
And it is those postal saving accounts that are screwing japan over Roland00 - 08/06/2010 05:00:41 PM 1643 Views
My point was that Japan's public debt is offset somewhat by its high level of private savings. Vodalus - 08/06/2010 06:36:32 PM 2326 Views
On the other Japan can not stop deflation random thoughts - 08/06/2010 05:22:38 PM 314 Views
And here's a chart to put the numbers into a better historical perspective. Vodalus - 08/06/2010 04:49:42 AM 446 Views
Wow, the most debt since WWII, which isn't even a good comparison..... trzaska2000 - 08/06/2010 05:25:49 AM 331 Views
You misunderstand. Vodalus - 08/06/2010 06:04:13 AM 351 Views
I have decided you know nothing about economics mick - 09/06/2010 12:13:31 AM 303 Views
get trzaska some credit Roland00 - 09/06/2010 12:16:11 AM 300 Views
removes credit from trzaska Roland00 - 09/06/2010 01:56:07 AM 306 Views
lol mick - 09/06/2010 04:53:58 AM 313 Views
unsupported insults really are just so much noise *NM* random thoughts - 09/06/2010 05:01:05 AM 109 Views
Re: unsupported insults really are just so much noise mick - 09/06/2010 07:56:48 AM 311 Views
so you were going to say something really smart but decided not to random thoughts - 09/06/2010 03:26:16 PM 273 Views
HA! HA! Summed up very nicely.....mick is just like Eric Cartman. trzaska2000 - 09/06/2010 03:34:56 PM 312 Views
There is nothing wrong with the article mick - 10/06/2010 05:36:57 AM 296 Views
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