Hard Light Productions Forums
Off-Topic Discussion => General Discussion => Topic started by: Kosh on October 18, 2008, 06:55:18 pm
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http://www.msnbc.msn.com/id/27247139/
Even for such big spenders as Bush, this is a new high, or should I say low..........
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I'm going to have to start collecting bottle-caps, now. :nervous:
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*waits for this to directly affect me.
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Now this is called over-spending. :rolleyes:
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Well... let's see:
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Pretty high on the list- 27-th place out of 126, 151% GDP below the highest, and 57% above the lowest.
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Well... let's see:
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Pretty high on the list- 27-th place out of 126, 151% GDP below the highest, and 57% above the lowest.
And alot of those countries ahead of us have really crappy economies, coincidence?
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And thats the current total debt, normally built up over 50 years or more...
To judge the situation/behaviour now, its quite irrelevant.
Since the end of August, the national debt has jumped from $9.6 trillion to $10.3 trillion
That's the interesting part
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I wonder how they calculate it...
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Rank Country Public debt (% of GDP)
1 Zimbabwe 211.90
2 Japan 195.50
3 Lebanon 186.60
4 Seychelles 144.30
5 Jamaica 127.20
6 Egypt 105.80
7 Italy 104.00
8 Singapore 101.20
9 Sudan 98.90
10 Greece 89.70
Wow, I thought Italy was the "best"...I found Japan's 2nd place a bit amazing, anyway...
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I wonder how they calculate it...
Well, how would you calculate your total debt..?
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You check what's missing, right? :nervous:
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How do you calculate your own total debt? You add what you owe you neighbour, the guy who sold you the car and maybe your mother -of course you are supposed to know how much you owe them, and thats your total debt.
Not different for a government, you add what you owe other countries, banks or your citizens via "treasury bonds" (I think thats how they are called in the USA), and you got your total debt.
Or am I completely misunderstanding the question?
P.S.: Spell Check not working, just lost the post because of it :/
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This (http://www.youtube.com/watch?v=mHRxfn-DTV4) should explain everything nicely.
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Australia is 105th ;)
Are there any that aren't in debt?
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Australia is 105th ;)
Are there any that aren't in debt?
There are 195 countries in the world, give or take, so...
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How do you calculate your own total debt? You add what you owe you neighbour, the guy who sold you the car and maybe your mother -of course you are supposed to know how much you owe them, and thats your total debt.
Not different for a government, you add what you owe other countries, banks or your citizens via "treasury bonds" (I think thats how they are called in the USA), and you got your total debt.
Or am I completely misunderstanding the question?
P.S.: Spell Check not working, just lost the post because of it :/
Yes, that's how debt is calculated. :nod:
But how do they do it on Wikipedia?
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I just realized something, those numbers don't count the massive future unfunded liabilities we will have in the next 10 years (namely social security and medicare). If those numbers are included then the debt will increase 2 or 3 times as much as it is today.