- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Credit Market Debt = $57 TRILLION, ENTITLEMENTS =$126 TRILLION
Posted on 10/8/13 at 12:53 pm to udtiger
Posted on 10/8/13 at 12:53 pm to udtiger
quote:
Compare US debt/GDP ratio with that of other "junk" countries and you explain to me why ours is so great.
You're looking at that in a vacuum. We still have the largest financial markets in the world, have the highest GDP for a single nation, and have the highest innovation for any country. We also have much less political risk than emerging markets (even though the current situation makes that hard to believe), we have real prospects for growth unlike Europe, and we have a huge amount of natural resources unlike Japan.
quote:
The only reason the USA does not have a super junk rating is because we have more/better ships, missles and jets than anyone else. If we had a military the size of Britain's, we would be wishing for Zimbabwe's rating.
The creditworthiness of our debt really has nothing to do with our missles. That statement is just flat out incorrect.
This post was edited on 10/8/13 at 12:54 pm
1
Posted on 10/8/13 at 1:38 pm to BennyAndTheInkJets
^
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News