Posted on 10/28/2009 9:52:27 AM PDT by TigerLikesRooster
http://www.cnbc.com/id/30308959
(Excerpt) Read more at cnbc.com ...
Ping!
The presentation is just about worthless, aside from how slowly is loads. And what value does a landscape from each country add?
Switzerland is a “debtor nation” because lots of people have bank accounts there. How much external debt is Switzerland owed, likewise for Ireland. How about the *NET* external debt?
Bottom Line - alot of the rest of the world is a whole lot worse off. BTW - these charts were made before the great obama spending spree.
Roger that! These are the same dolts who perpetuated the hoax that the US Chamber of Commerce is reversing it’s position against the Climate Change Bill. I wouldn’t believe anything they have to say.
Gee, we are #20 with Hungary and the rest of Europe ahead of us with more debt. Omama has to step up the out-of-control spending to get us up to Ireland’s level of bankruptcy. I was surprised to see Norway up there, they must be borrowing against future oil revenues to support the welfare state. Good luck when the wells run dry.
It’s a slide show.
It shows the US as #20 ranked by percent debt to GNP, with most of Europe and Australia in worst shape than us. Including the UK, Germany, France, Spain, Italy.
What is missing from these analyses are Assets. To look at debt to income without considering assets is meaningless.
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