Saturday, May 15, 2010

Chilling Numbers

Here's an ominous look at the U.S. debt from the Economics Editor of The Telegraph. An excerpt:

But the really interesting stuff is the detail, and what leaps out again and again is how much of a hill the US has to climb. Exhibit a is the fact that under the Obama administration’s current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 – a far steeper increase than almost any other country.

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