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Country account balances

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Chris
 Post subject: Country account balances
PostPosted: May 27th, 2007, 8:37 pm 
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https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

You know, looking at this can just make you laugh. You can see how some of the countries are doing just perfect. But then you look at the US and how it is nearly 9x more in debt than the second to last, Spain. I just can't imagine what would happen to the US if the economy were to start going into a recession. The only reason the massive debt isn't increasing in burden is because of the economy.
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PostPosted: May 27th, 2007, 8:37 pm 
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ryan1
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PostPosted: May 27th, 2007, 10:32 pm 
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Wow, negative 862 billion... That is really bad. I can't believe people keep loaning money to us. :lol:

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PostPosted: May 28th, 2007, 4:23 am 
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PostPosted: May 28th, 2007, 4:45 am 
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Finland > UK.

8)

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Kyle
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PostPosted: May 28th, 2007, 6:21 am 
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If Americas government spent there taxes on there debt they could have it payed of in 3 years. Last year they made 300billion of taxes alone.

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Brad
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PostPosted: May 28th, 2007, 6:38 am 
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Most of the British debt was the fault of the Conservative government in the 80s and early 90s. Sadly something we can't blame Blair for >.>

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PostPosted: May 28th, 2007, 6:38 am 
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Daniel
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PostPosted: May 28th, 2007, 9:52 am 
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Brad wrote:
Most of the British debt was the fault of the Conservative government in the 80s and early 90s. Sadly something we can't blame Blair for >.>


but ya know, lets blame him anyway :)

anyway i never thought USA would be that far into debt..

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CreepyPirate
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PostPosted: May 28th, 2007, 10:29 am 
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Why care about the debt?

As far as i know one of the top Germany is STILL paying off debts to countrys like the USA and the UK.

Country debts mean nothing, every country owes some other country money and it never really changes. These countrys are never going to collaps in due to teh amount of debt and turn into some third world country.

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trekkie
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PostPosted: May 28th, 2007, 11:03 am 
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can't we just blame canada???

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Chris
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PostPosted: May 28th, 2007, 4:51 pm 
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I'm trying to think, so the US is that much in the whole, where is the nearly 9 trillion dollar debt? I think they might accidentally be calculated it about 10x smaller than it should be, since the US debt is about 8.6 trillion I think.
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Lance
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PostPosted: May 28th, 2007, 6:02 pm 
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Look at the date "2006 est." Umm it mid 2007 we could have a big update!
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