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Being eleventh out of almost two hundred countries suggests that "most of the countries", as you're saying, are better at balancing their budget than the US, no
by jhgb 5y ago
Being eleventh out of almost two hundred countries suggests that "most of the countries", as you're saying, are better at balancing their budget than the US, not the opposite.
- tut-urut-utut 5y agoNo, I didn't say anything about who is “better”, I just said that most of the countries run huge deficits and have huge debts, which is what the list shows. Whether that debt is at 100% or 50% of the GDP doesn't really matter, both are huge by my definition.
- jhgb 5y ago> Whether that debt is at 100% or 50% of the GDP doesn't really matter, both are huge by my definition. "Whether I'm being paid $100k or $50k doesn't really matter, both salaries are huge by my definition." I'm quite sure that international lenders don't look at it this way.