No, they need more Darien Gap-hopping liberal debt fugitives.
Miscellaneous News
- Thread starter bd popeye
- Start date
proelite
Senior Member
So pretty much the annual interest payment on debt is higher than the GDP of 160-170 countries. If that’s not testament to the power of US economy I don’t know what is.
Hope sleepy34 keep its head in this sand of high debt thinking this is still others’ problem.
Sleepy wants to have a high five with you.
"Saar....are you insulting me? My English is world class saar! I speak same English as Satya Nadella, Sundar Pinchai, and Laxman Narasimhan. You know who they are? They are CEOs in America. You don't hire me, then I go to America to become CEO and then I take revenge on you!"
How can they talk smack on Chinese debt after this… the payment on interest alone is probably higher than the annual budgets for 5 less developed provinces.
proelite
Senior Member
China can do debt consolidation for most of its debt without an issue. America can't do it for the foreign debt and doing it for the domestic debt would be difficult too.
China’s fiscal trajectory is far more unsustainable than the U.S.’ fiscal trajectory
the interest payments especially are a soon to be moot point since rate cuts are coming and the main drivers of debt - social security and Medicare, are of limited macroeconomic importance (it will just require a headline grabbing event to make Congress move)
Foreign debt is actually not that high percentage wise. My stats could be off but I think US civilians and corporations hold like 80 percent of the debt.