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Living Room / Re: Want to see impressive numbers?
« Last post by Renegade on July 18, 2011, 08:44 PM »Those numbers aren't that scary really, the US National debt is currently balanced by the GDP - as reflected on the World Debt page with a pretty much no net gain/loss ratio of ~100%.
However, if you look at the EU countries........-4wd (July 18, 2011, 02:13 PM)
I think you are reading that wrong...
That is a ratio. In other words, the US owes $77 of every hundred collected to it's own citizens. It owes another $100.02 per hundred collected to citizens of other countries. (Note I use citizens loosely as it is really just debts to national banks, public or private).-steeladept (July 18, 2011, 07:40 PM)
Either way, if we think the US is hosed, Europe is f***ed!