Kudos to CNBC on Putting America’s Debt in Perspective…
I am critical of you, but kudos that you put things in perspective.
The World’s Biggest Debtor Nations
It starts off with the US and you go OMG… But then you move on and you think, “hey they have that much debt?” And what surprised me is that Switzerland (where I live) has 268% of external debt. With the kingpin being…. I will let you look who it is.
But the fact remains that yesterday’s comments by Bill Gross were unwarranted! As I have said in the past America is not in bad shape! Heck if America were to chop its military machine in half (it would still be the world’s biggest military machine) then it would go a long way towards the deficit.
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