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Not only is our debt-to-GDP ratio lower than China's, it's lower than most (not all) countries in Western Europe. There is so much uninformed hysteria about th
by Analemma_ 9y ago
Not only is our debt-to-GDP ratio lower than China's, it's lower than most (not all) countries in Western Europe.
There is so much uninformed hysteria about the US national debt, it's incredibly frustrating and blocking the implementation of better policy.
- flukus 9y ago> it's lower than most (not all) countries in Western Europe. Portugal, Italy and Ireland aren't "most of western europe": https://en.wikipedia.org/wiki/List_of_countries_by_public_debt https://en.wikipedia.org/wiki/List_of_countries_by_public_de...
- WillPostForFood 9y agoBy what measure is the US ratio lower than China's? US is worse in the IMF measure of gross debt to GDP by far. Looking at total debt (government, corporate, and household), the US is worse: 331% to 250%. What numbers are you looking at? https://www.theguardian.com/business/2016/jun/16/chinas-debt-is-250-of-gdp-and-could-be-fatal-says-government-expert https://www.theguardian.com/business/2016/jun/16/chinas-debt...