Depressing Chart of the Day: The U.S. Is Racking u
Jun 15, 2012 7:45:29 GMT -5
Post by popcorn on Jun 15, 2012 7:45:29 GMT -5
Depressing Chart of the Day: The U.S. Is Racking up Debt Faster Than the EU 
“Already, as the chart shows, America‘s debt exceeds the eurozone’s, roughly $16.6 trillion to $13.3 trillion,” The Weekly Standard’s Daniel Halper writes.
“But by 2017, that gap is projected to widen, and America’s debt is expected to be $22.3 trillion, while the eurozone’s debt will be $15.2 trillion,” he adds.
This means that if things go unchanged, America will tack on $5.7 trillion to its national debt while the EU will only add $1.9 trillion.
Of course, we say “only” $1.9 trillion as if it’s no big deal. It is a big deal. It’s a big absurd deal.
“[W]hile the eurozone crisis is by no means just about debt,” Halper writes, “this new chart suggests that America must also look at its own fiscal problems as it tries to solve the great financial troubles it currently faces.”
www.theblaze.com/stories/depressing-chart-of-the-day-the-u-s-is-racking-up-debt-faster-than-the-eu/
“Already, as the chart shows, America‘s debt exceeds the eurozone’s, roughly $16.6 trillion to $13.3 trillion,” The Weekly Standard’s Daniel Halper writes.
“But by 2017, that gap is projected to widen, and America’s debt is expected to be $22.3 trillion, while the eurozone’s debt will be $15.2 trillion,” he adds.
This means that if things go unchanged, America will tack on $5.7 trillion to its national debt while the EU will only add $1.9 trillion.
Of course, we say “only” $1.9 trillion as if it’s no big deal. It is a big deal. It’s a big absurd deal.
“[W]hile the eurozone crisis is by no means just about debt,” Halper writes, “this new chart suggests that America must also look at its own fiscal problems as it tries to solve the great financial troubles it currently faces.”
www.theblaze.com/stories/depressing-chart-of-the-day-the-u-s-is-racking-up-debt-faster-than-the-eu/