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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- USA's GDP is dependent on the dollar market being maintained some thing which China, Russia and various other countries threaten as they want to trade in other currencies which would remove US from the equations as far as trade goes that's the flaw in going by US GDP as the debt here is on far more shaky ground than other countries.
- Yeah really
- Again this can just be down to the US' inefficient approach to things many other countries have far less debt.
- Libya is a North African country not a Middle Eastern one, they have Oil but like Nigeria they have other resources they can make use of once Oil starts to falter I'm well aware of Saudi's econ situation that's the Middle East how ever not Africa much of the resources in the latter aren't e untouched.
- It's very much related because if you can spend an infinite budget on conflicts you don't need to be in which generate far more debt than health care and education aren't really a problem. The truth of the matter is higher ups don't want health and education integrated into the system because they make far too much money charging people for it so will tell you anything to try and pass off why it can't be done.
