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**Dreqsqse** · 07-06-2010, 02:47 PM

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.

Those numbers are from june 2009. The situtation has changed dramatically since then. f.ex. The US public debt has risen to 13 trillion. And I'm quite sure that the European public debts are also larger than the numbers on the map.

07-06-2010, 02:47 PM	#25
Dreqsqse Join Date Oct 2005 Posts 389 Senior Member	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. Those numbers are from june 2009. The situtation has changed dramatically since then. f.ex. The US public debt has risen to 13 trillion. And I'm quite sure that the European public debts are also larger than the numbers on the map.
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