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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (321146)	1/16/2007 7:11:29 PM
From: TimF	Respond to of 1586096

Third world implies a lot more than debt as a percentage of GDP. If silver cars where rate in the US, but where the most popular color in the third world (among those who could afford cars), it would be unreasonable to claim that I was "like a poverty stricken person from the third world" because I drive around in a silver Infiniti. In any case the US level of debt is not very different from a number of "first world" countries, and the main problem with third world debt is that in many cases they don't have the economy to sustain it (sometimes the debt is very high compared to GDP, much higher than the debt in the US, and even when it isn't they need a larger portion of their GDP just to feed the people and keep the peace (and they often fail at even doing that which just makes things worse) leaving much less available for debt service. At the very least the comments you defend imply that the country is falling apart because of unsustainable debt and that simply isn't the case. We know that public debt is nearly at a high since WW II. No, we know it isn't. Its well off the post WWII high according to your source. (Even if it is well above the post WWII low).