jdfugatini

For Selected Countries, Debt vs. GDP

I appreciate the ratio. However, the ratio is unidimensional. I find that the total debt is staggering and much larger than others. That's what counts. We owe a lot. There is no plan to control the debt and no safeguards in place to limits on our freespending regulators and representatives.

A 2nd look at the USA public debt of public debt/total taxes (inclusive of all state, federal, county, insurance...) paid by an individual (normalized to make the numbers equivalent) might be worthwhile. When I travel, I hear that the USA tax rate is low. When I've made normalized comparisons, I find that are tax rates are almost the same as across Europe.