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Senior Member
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Join Date: Aug 2010
Location: California
Posts: 18,029
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Senior Member
Join Date: Aug 2010
Location: California
Posts: 18,029
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It doesn't matter the dollar amount, it matters the Debt to GDP ratio, which is much worse in other countries. the USA debt isn't actually that bad.
Think of it this way.. who has worse debt problems...
-a teacher that makes 40k a year salary with a 20 thousand dollar debt
or
-a doctor who makes 200k a year salary with a 60 thousand dollar debt
The doctor owes more money, but still the teacher has worse debt.
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Last edited by lostalex; 03-06-2012 at 07:48 AM.
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