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Politics : Politics for Pros- moderated

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To: carranza2 who wrote (385524)	10/2/2010 4:05:08 PM
From: Elsewhere	Read Replies (1) of 793689

>>[2005] Summary: The United States' current account deficit and foreign debt are not dire threats to its global position, as would-be Cassandras warn. U.S. power is firmly grounded on economic superiority and financial stability that will not end soon.<< Oh, was that ever wrong. Why wrong? Even after the huge increase of public spending by the current US President the US public debt as a percentage of GDP is still comparable to other G-20 countries. Japan, for instance, is in a far worse situation.[1] Regarding GDP per capita the USA continue to be among the leading countries.[2] It will take one or two additional decades for China to catch up with the current strategic position of the USA. Funny - for the second time in a week I am getting a response to a message written years ago. Cheers! [1] en.wikipedia.org [2] en.wikipedia.org

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