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Politics : View from the Center and Left

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To: cosmicforce who wrote (216334)	2/7/2013 3:26:36 PM
From: bentway	Read Replies (3) of 542054

"The fact that we owe 80% of what our country earns as an economy should be a wake-up call for unsustainable spending. " Oh, I don't know. Do you have a mortgage? I don't at the moment, but there was a time in my life when I had a mortgage equal to 200% of my yearly earnings. That didn't include other debt I carried. Neither of these countries is considered a deadbeat and others buy their debt willingly. en.wikipedia.org The level of public debt in Japan in 2011 was 204% of GDP. [2] The level of public debt in Germany in the same year was 85% of GDP. [3] Debt to GDP ratio by country:

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