DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**Lapsinuibense** · 06-07-2010, 02:58 AM

This is a very interesting list from the International Business Times.

Top 10 Countries Ranked by National External Debt - International Business Times

That is interesting, but meaningless. How about comparing a nations debt to it's GDP. Because that is a much more telling way to see who is badly in debt and who is not:

National Deby By Country

Hmm, imagine that. US debt is only 60.8% of it's GDP. And where does Italy stand?

Tsk, tsk, tsk. 103.7%. They will never get out of debt unless something changes there.

So even though the US debt it higher, at least it makes enough to pay it off eventually. Italy does not make enough, so will always be in debt which will grow larger every year.

06-07-2010, 02:58 AM	#23
Lapsinuibense Join Date Oct 2005 Posts 448 Senior Member	This is a very interesting list from the International Business Times. Top 10 Countries Ranked by National External Debt - International Business Times That is interesting, but meaningless. How about comparing a nations debt to it's GDP. Because that is a much more telling way to see who is badly in debt and who is not: National Deby By Country Hmm, imagine that. US debt is only 60.8% of it's GDP. And where does Italy stand? Tsk, tsk, tsk. 103.7%. They will never get out of debt unless something changes there. So even though the US debt it higher, at least it makes enough to pay it off eventually. Italy does not make enough, so will always be in debt which will grow larger every year.
	Quote