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3 comments:
I thought the US was closer to 90% debt to GDP.
What is most damaging to our economy isn't just government debt. Combine this with personal and corporate debt, we get to 360% debt to GDP.
These excessive debt levels have plagued Japan for years. Since 1989, the consumer and corporation has reduced their debt loads, but the government has expanded its debt to keep the total debt ratio at unhealthy levels.
This pic is useful, thankyou roger,
However I fear there numbers ae quite out of date, I live in London and our debt to gdp hasnt been 47% since early 2008
Start writing the details of debt. Note the outstanding loans from individuals, if using credit card interest rates collated from highest to lowest. Note also pay the minimum restrictions and payment outstanding.
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