[wideawake]

Economically speaking, Uganda....yes, that Uganda, the land of Idi Amin Dada, is actually on sounder financial footing then the USA (and a good many parts of the EU as well).

Would you rather have 100% debt to GDP that costs you 2% in interest, or 30% debt to GDP that costs 11% in interest?

In terms of cash cost of debt service, the US pays out proportionally two-thirds of what Uganda is paying out.

Uganda is functionally more indebted than the US - certainly not on a sounder footing.

[AnAmericanAbroad]

Touche.

I admit I was only looking at the absolute raw numbers.

My student pointed out one stat that certainly would make me poop twinkies....the core inflation rate is currently 30%.

Granted, not as bad as Zimbabwe’s whatever it is inflation rate, but still not good, either.

Of course, as she said, it’s still better than Afghanistan or Pakistan.