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Politics : View from the Center and Left

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To: bentway who wrote (216337)	2/7/2013 5:45:50 PM
From: Steve Lokness	Read Replies (1) of 542058

<<<<<Debt to GDP ratio by country>>>>> What a fascinating chart! I show debt to GDP in US at 73% and gross government debt to GDP at 102% as listed here; en.wikipedia.org That puts us in the company of Japan, Iceland, Portugal, Italy, Greece, Egypt, Sudan, and what is that country in Africa - maybe Botswana? You really don't see this as a problem for us given the demographics - AND our spending obligations going forward? Demographics by the way is what is making this such a problem for Japan. All of South America, all of Asia - except Japan, Russia, India, Australia, and much of Africa in comparison - most with lots of resources that would argue they could take on more debt are NOT included in this group of problem countries.

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