The Worlds Biggest Debtor Nations
Northern Euro is even more broke than we are (Sweden, Netherlands, Finland - even Germany at 184% of GDP, the UK @ 451%, and especially Ireland @ 1,240% - YIKES!!!)
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They compare U.S. Debt to GDP . But they say GDP is mostly consumer spending. And U.S. consumers spend on stuff made in China.
The U.S. borrows trillions from China and other places to buy more things made in China. And the rest of the U.S. economy is in useless government welfare , government jobs , non profits( government grants), government contractors. We are done because of government spending and not having factories in the U.S.
The U.S. borrows trillions from China and other places to buy more things made in China. And the rest of the U.S. economy is in useless government welfare , government jobs , non profits( government grants), government contractors. All of these government funded jobs are useless and produce nothing that is of value. We are done because of government spending and not having factories in the U.S.