We hear so much B.S. from our politicians and other pundits about our scandalous deficit spending, - how we are putting future generations in hock for centuries to come, that I finally checked the CIAWorld Factbook and discovered that the U.S. ranks 47th among 129 nations of the world in terms of public debt (i.e. "deficit") as a percent of our GDP (Gross National Product). Among the really big spenders in the list, Japan is no. 2 with 189% of GDP in Public Debt, Italy and Greece running almost neck and neck in 6th and 7th places with around 114% and France - in 16th place with 77.5%, Canada -75%, Germany 72%, UK -68% and way down, close to the bottom of the list in the 109th place, those inscrutable Chinese.
So, pray tell what's all the congressional and media brouhaha all about? Is it just the usual political bull#^@T?
Why is everybody including all the old, wet teabags, got their knickers so twisted?
"The answer my friend is written in the wind" as Bob Dylan wrote so many years ago. Just ask your Tea Party friends (if your unfortunate to have any) "What percentage of our GDP is in hock to (gasp!) PUBLIC DEBT?
We hear so much B.S. from our politicians and other pundits about our scandalous deficit spending, - how we are putting future generations in hock for centuries to come, that I finally checked the CIAWorld Factbook and discovered that the U.S. ranks 47th among 129 nations of the world in terms of public debt (i.e. "deficit") as a percent of our GDP (Gross National Product). Among the really big spenders in the list, Japan is no. 2 with 189% of GDP in Public Debt, Italy and Greece running almost neck and neck in 6th and 7th places with around 114% and France - in 16th place with 77.5%, Canada -75%, Germany 72%, UK -68% and way down, close to the bottom of the list in the 109th place, those inscrutable Chinese.
and then "How much do you think it should be right now and how much was it under the movie actor who was our president, Ronald Regan?
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