lightningfunk said:
Wyrdness said:
UK's debt is also from other things I know because I'm from the UK a lot of it is to do with taxes from big companies not being paid and the rich using tax havens like Panama to dodge paying, look at your link the US' debt is bigger than UK, France and Germany combined.
USA's GDP is also bigger than all of them combined and they have a low percentage to GDP debt
UK is the financial capital of the world with business transactions all being done in London so a lot of money is made back from businesses from other countries using our financial network, I can tell you this as someone in that industry I know a fair bit about economics and such.
really? - don't seem like
Fact is health care and education are not the heavy contributors to debt like some of you are claiming as many countries with much lower economies have it,
USA has an almost $2trillion College Tuition debt and don't start me on Medicare pleaseeeeee
Libya when Gaddafi was in charge had no debt and had it in their system the country even paid every citizen who had a new born child 5000 quid
libya & other middle eastern countries have Oil money,don't compare it with normal economies
and even them,research Saudi Arabia how they are gonna run into problem as their Oil money decline and economy matures
so to put it bluntly the excuse of debt doesn't hold up. What contributes to debt far more than health care and education are all these conflicts across the world.
don't deny it but that is not related to what we are talking about much
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1 Wrong US debt is 21 trillion dollar and GDP 18 trillion dollar do debt percentage is above 100% of the Gdp.
Germany is debt is 2.45 trillion dollars and Germany is GDP is 3.6trillion euro's so almost 3.8 trillion dollars so Germany is GDP surpasses its debt. The GPD of France and UK are alsoslightly, bigger than their debt.
2. The banking and financial center in London is huge.
3. US has plenty of oiliand oil money if I am not mistaken.
4. Its very much related to thisthread however and a valid point when discussing debt. d
