ST Alpha - "you should thank God they are or else the US would have been bankrupt by now -- nm" (Reading a Post)

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In response to "It is sort of ridiculous that financial institutions are in control here and issuing threats" by Guy

you should thank God they are or else the US would have been bankrupt by now -- nm

Posted by Beaker (aka anniebecca) Jun 29 '11, 13:24

(No message)

Responses:

But they are basically forcing us to borrow more, right? How is this not extortion on some level? -- nm - Guy Jun 29, 13:45
percentage of population wise, we are as in debt as greece -- nm - zeitgeist Jun 29, 13:26 4
- Yes, but as a percent of GDP? Not even fucking close. We rank 36th. Greece ranks 5th. -- (link) - TWuG Jun 29, 13:27 3
  - each person in the USA and Greece owes about $45k, and since corporations don't get forced to pay taxes... -- nm - zeitgeist Jun 29, 13:32 1
    - That's a meaningless statistic without the context of what each person makes on average. -- nm - TWuG Jun 29, 13:36
  - Yes, their public sector was far more crushing as a large component of the economy. -- nm - Name Withheld By Request Jun 29, 13:31

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