Sunday, November 11, 2012

Debt Fears

How Big is Too Big?

 ~ US debt was 76.8% of GDP in 2010, while Singapore's was 107%. Which country will collapse first?
Ranking of country debt as a percentage of GDP
I'm betting neither one.

And sure, the Great Recession has boosted the ratio temporarily. It is instructive that the ration got much worse under President Reagan, and much better under President Clinton. Something about tax rates perhaps?

US Debt as a Percentage of GDP over time

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