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Wednesday, 11 January 2012

US national debt now exceeds GDP

Greece and Italy are not the only nations with unsustainably high debt.  US national debt is now more than 100% of GDP,
according to "US debt is now equal to economy".  "Among advanced economies, only Greece, Iceland, Ireland, Italy, Japan and Portugal have debts larger than their economies", according to USA Today.  Nations' debt levels can be compared in this table of 2010 data.

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