29 April 2006

Putting the US Debt into Perspective

Kitco Commentaries - By Paul Van Eeden: "The current debt to GDP ratio is almost twice as high as the debt to GDP ratio during the final stages of the Vietnam War and compared to Vietnam the US’ current military adventures are skirmishes. If we combine increasing military spending with an increase in domestic deficit spending, higher interest rates and lower government tax receipts, then the debt to GDP ratio could rapidly approach World War II levels.
Anyone who is not alarmed by the increase in US government debt is living with his head in the sand. "

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