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It's really not That bad.

Greyparrot
Posts: 21,953
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12/10/2012 5:54:47 PM
Posted: 7 years ago
http://en.wikipedia.org...

So I looked at this chart and I realized maybe USA is not that bad off if they only owe about 22% of the planet's debt.
The extinction of the species is worse than the extinction of the nation, which is worse than the extinction of the tribe, which is worse than the extinction of the family, which is worse than the extinction of the individual. The second he reverses that list of priorities, he becomes a coward, and would be summarily disposed of by any civilized society that values its own survival.
inferno
Posts: 15,236
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12/10/2012 5:56:43 PM
Posted: 7 years ago
At 12/10/2012 5:54:47 PM, Greyparrot wrote:
http://en.wikipedia.org...

So I looked at this chart and I realized maybe USA is not that bad off if they only owe about 22% of the planet's debt.

Zzzzzzzzz.
emospongebob527
Posts: 790
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12/10/2012 6:48:52 PM
Posted: 7 years ago
At 12/10/2012 6:44:07 PM, Koopin wrote:
At 12/10/2012 6:26:52 PM, badger wrote:
who the fvck gave us all that money?

America

Obama, Welfare, Military Spending, etc.
"not to toot my own horn (it aint need no tooin if u know what im saying), but my writings on "viciousness: the one true viture (fancy spelling for virtue)" and my poem "A poem I wrote about DDO" put me in a class of my damn own. im just an UNRECONGIZED geniuse" -bananafana
Ren
Posts: 7,102
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12/10/2012 7:08:33 PM
Posted: 7 years ago
At 12/10/2012 5:54:47 PM, Greyparrot wrote:
http://en.wikipedia.org...

So I looked at this chart and I realized maybe USA is not that bad off if they only owe about 22% of the planet's debt.

Taiwan doesn't owe any external debt?

Taiwan isn't Brunei or Liechtenstein. It is highly industrial and quite Second-World:

http://studyabroad.uconn.edu...
http://www.cityfarmer.org...
http://media-cdn.tripadvisor.com...

That country has zero national debt???
darkkermit
Posts: 11,204
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12/10/2012 7:18:10 PM
Posted: 7 years ago
At 12/10/2012 7:08:33 PM, Ren wrote:
At 12/10/2012 5:54:47 PM, Greyparrot wrote:
http://en.wikipedia.org...

So I looked at this chart and I realized maybe USA is not that bad off if they only owe about 22% of the planet's debt.

Taiwan doesn't owe any external debt?

Taiwan isn't Brunei or Liechtenstein. It is highly industrial and quite Second-World:

http://studyabroad.uconn.edu...
http://www.cityfarmer.org...
http://media-cdn.tripadvisor.com...

That country has zero national debt???

No, its national debt is 34.9%

http://en.wikipedia.org...

External debt is debt owed by foreign residencies, both private and public. Taiwan just has capital controls that forbids external debt.
Open borders debate:
http://www.debate.org...
badger
Posts: 11,793
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12/10/2012 7:41:30 PM
Posted: 7 years ago
At 12/10/2012 6:59:57 PM, darkkermit wrote:
a) Europe's worse.
b) Debt is not inherently bad.

2 trillion dollars...
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FREEDO
Posts: 21,814
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12/10/2012 10:13:19 PM
Posted: 7 years ago
Lol, look at Luxembourg. And it's supposed to be the Capitalist home-base of Europe.

Also, this

At 12/10/2012 6:59:57 PM, darkkermit wrote:
a) Europe's worse.
b) Debt is not inherently bad.

America has a comparatively good track record at making proper payments on it's debt compared to other nations. Like it or not, debt actually built this nation. It's a powerful tool.
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Wallstreetatheist
Posts: 6,963
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12/11/2012 12:03:14 AM
Posted: 7 years ago
At 12/10/2012 6:59:57 PM, darkkermit wrote:
a) Europe's worse.
b) Debt is not inherently bad.

If debt is not inherently bad, then how can you outright say Europe is in a worse condition? Are you just saying that under the assumption that debt is bad to be consonant with the OP's "Things aren't so shitty in America" vibe?
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