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Politics : President Barack Obama
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To: RetiredNow who wrote (107150)1/9/2012 12:04:09 PM
From: tejek  Read Replies (1) of 149317
 
Well, if you think 200-300% debt to GDP ratio is sustainable, then I have a bridge to sell you. Their excess savings are coming to an end. The government has been sucking on the pension tit for a long time and there's very little savings left untapped to continue borrowing at those massive rates. I believe we will see a Japanese debt crisis within the next 5 years, or at the very least within the next decade.

First of all, its 200%; not 300%. Secondly, the Japanese have been sustaining that debt for at least 30 years.

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