레이블이 Deficit to GDP Ratio인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Deficit to GDP Ratio인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 29일 금요일

About 'debt to gdp ratio us'|Whooooeeee! Belize Debt to GDP ratio is 58% says WIKIPEDIA calculation.







About 'debt to gdp ratio us'|Whooooeeee! Belize Debt to GDP ratio is 58% says WIKIPEDIA calculation.








Okay,               now               I'm               really               worried.

The               market               is               in               free-fall.

I've               seen               dips               described               as               crashes,               even               called               some               of               them               that               myself.

But               the               debt               default               in               Greece               prompted               local               panic.

In               my               house,               at               least.

Greece
               Greece's               debt               totals               $473               billion.

Its               GDP               is               $330               billion,               staking               its               debt               ratio               at               1.4               GDP.

Remember               that               number               as               the               point               of               Greece's               financial               collapse.
               U.S.
               Now               I               wish               to               point               out               that               the               U.S.'s               debt               ratio               is               1.05.

Remember               that               number               too.

We               are               not               far               behind               Greece.

Can               you               blame               me               for               the               panic               right               here               at               home?
               What               does               Greece               have               to               do               with               us?
               Plenty.

For               those               who               question               what               this               really               means,               let               me               share               what               little               I               know.
               Number               one,               I               know               that               big               debt               isn't               good.

Did               you               recognize               that               pain               in               the               pit               of               your               stomach               when               you               signed               yourself               into               big               debt               like               your               mortgage?

It's               real.

You               indebted               yourself               for               a               big               chunk               of               your               life.

Some               folks               realized               at               that               moment               they               would               be               unable               to               pay               it               back,               but               they               did               it               anyway.

Smart               ones               waited               until               they               could               afford               it.

Not               many               of               us               are               that               smart.
               Number               two,               debt               is               taken               on               by               nations               in               time               of               inescapably               dire               need.

National               debt               typically               rises               during               war,               the               most               notable               increases               having               occurred               with               the               Revolutionary               War,               the               Civil               War,               World               Wars               I               and               II.

U.S.

national               debt               spiked               through               the               roof               in               the               last               two               years,               sparked               more               by               wanton               Federal               spending               than               any               inescapably               dire               national               need.
               Third               in               the               panic               parade               is               that               float               called               the               debt               ratio.

Remember               Greece's               number?

1.4               GDP               means               that               more               than               100%               of               a               country's               ability               to               produce               is               required               to               pay               off               its               debt.

1.4               GDP               means               that               Greece               will               never               be               able               to               pay               off               its               debt,               at               least               not               at               current               national               production               levels.

1.4               GDP               means               that               Greece               will               default--taking               most               of               the               world's               economy               with               it--unless               somebody               or               something               comes               to               its               financial               rescue.

So               far,               nobody               and               nothing               are               stepping               up               to               that               plate.
               U.S.

debt               ratio               heads               upstairs
               It               is               this               national               debt               ratio               that               set               panic               in               my               house               as               a               reflection               of               the               panic               brewing               across               the               country.

Remember               our               nation's               number?

When               national               debt               is               more               than               the               country               can               pay               for               with               its               production,               we               are               in               trouble.

Remember,               our               number               is               1.05               and               rising.

We               are               in               trouble.
               But,               hey,               don't               take               my               word               for               it.

Wait               for               your               own               panic               to               set               in.
               What's               the               solution?
               Two               times               in               our               history               found               the               nation               in               similar               trouble.

The               first               was               after               the               Revolutionary               War.

Alexander               Hamilton's               plan               succeeded               in               paying               down               the               debt.

The               second               was               after               WW               II.

The               nation's               burst               of               industrial               production,               progress,               and               unencumbered               capitalist               advance               paid               down               war               debt               in               short               order.

What's               going               to               pay               down               our               debt               now?

Congress's               solution               is               to               raise               the               debt               ceiling.

Yeah,               that'll               do               it.
               Where's               our               plan?

Where's               the               burst               of               business               or               production               to               get               us               out               of               this               mess?

The               solution               is               to               cut               federal               spending,               radically               and               right               now!

But               that's               something               that's               not               done               in               D.C.

And               it               might               be               too               late.
               I               find               no               way               out               of               my               panic.

I               am               beyond               consolation.

Share               what               you               know               if               you               know               something               I               don't.

And               please               don't               suggest               I               rely               on               hope               or               change.

They               aren't               working               for               anybody               right               now.
               Sources:               
               http://finance.yahoo.com/news/In-Greece-Some-See-a-New-nytimes-2124426573.html?x=0&sec=topStories&pos=main&asset=&ccode               
               http://www.usgovernmentspending.com/federal_debt_chart.html






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