Saw an interesting link this morning showing how much debt the USA has. It also has a link to various other country debts as well but it shows some very large numbers. Even though the USA has a huge GDP, trillions of dollars worth, it still pays over 258 billion dollars on interest payments on its debt. Holy crap. That isn't even the largest single item in the budget either.
Even though the USA debt is quite large the debt of some other countries is astounding. Obviously troubled economies like Greece and Ireland have ratio of GDP to debt in the 150 to 250 percent range. To think that even if you took every bit of money the economy in your country produced in a year it would still not pay off your debt is scary. The only debt item I have that large is my mortgage. Even then it isn't something that goes up over time like most countries debts. Scary.
So, who wants to give me a few million dollars. When you look at the bigger picture its not that much really.
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