'America’s Per Capita Government Debt Worse Than Greece,' as well as Ireland, Italy, France, Portugal, and Spain?

by ~ The Rebel ~ Posted 2012/06/18 04:41:45

Related Topics: Debt, Greece, Ireland, Spain, Internet, Budget, Hell, Population, Italy, America, Scare, Ranking, Portugal, Government, Senator, France

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I don't know why this would not be plastered
all over the Internet to scare the hell out of the U.S. population and wake them
up, "worse than Greece". A chart passed along to the Weekly Standard from
Senator Sessions office, ranking budget committee member.

Magnus ☮ RP ☮ 2012 ☮ 2012/06/18 14:00:57

+1
But wait, that's not all!

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D D 2012/06/18 09:51:27

+1
A financial collapse is inevitable.

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Cyan9 2012/06/18 06:12:41

False: US debt stands at 103% of GDP. This means that only France and Spain have a lower GDP to debt ratio than the US while Greece, Ireland Italy and Portugal all have higher ratios. In fact 10 states have worse debt ratios than the US. The debt problem is huge and real. However, there is no reason to paint it in hyperbolic and misleading terms. http://www.imf.org/external/p...

False: US debt stands at 103% of GDP. This means that only France and Spain have a lower GDP to debt ratio than the US while Greece, Ireland Italy and Portugal all have higher ratios. In fact 10 states have worse debt ratios than the US. The debt problem is huge and real. However, there is no reason to paint it in hyperbolic and misleading terms. http://www.imf.org/external/p...
(more)

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Jenn 2012/06/18 05:18:58

+2
I heard today that on January 1,2013,that the US will receive a tax hike of 39.6. the highest in history,and I read that if this tax hike takes place,This country is finished..
This tax hike was proposed by the democratic party ,and is a across the board tax hike,for every American.

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Cyan9 to Jenn 2012/06/18 06:13:05

well you heard wrong.

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flaca BN-0 2012/06/18 04:48:51

the first place to look is the military. Which country spends more on the military than all the countries you cited combined? There's your answer...................easy!

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The River Rat 2012/06/18 04:48:01

+2
Someone needs to scare the pants off of all of us. Everybody needs to know that the current path is unsustainable and that the crash will effect us all. Fiscal conservative economics is needed to help repair the problem but not one person is willing to say that because they would never get re-elected. People love something for nothing too much.

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~ The R... to The Riv... 2012/06/18 04:59:16

+1
Exactly!

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