DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Advanced Nations to borrow 10.2 Trillion Dollars next year.

**topbonusescod** · 11-08-2010, 02:25 PM

http://blogs.wsj.com/economics/2010/...bal-borrowing/

Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That’s up 7% from this year, and equals 27% of their combined annual economic output.

__________________________________________________ ______

This is insane.. There has got to be a better way to do this than making ourselves all slaves to.. Ourselves.

We can't keep doing this.

11-08-2010, 02:25 PM	#1
topbonusescod Join Date Oct 2005 Posts 459 Senior Member	Advanced Nations to borrow 10.2 Trillion Dollars next year. http://blogs.wsj.com/economics/2010/...bal-borrowing/ Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That’s up 7% from this year, and equals 27% of their combined annual economic output. __________________________________________________ ______ This is insane.. There has got to be a better way to do this than making ourselves all slaves to.. Ourselves. We can't keep doing this.
	Quote