tag:blogger.com,1999:blog-14237465.post5309465872387704894..comments2024-03-22T19:12:22.089+11:00Comments on One Salient Oversight: Busting the Myth of European DebtNeil Cameron (One Salient Oversight)http://www.blogger.com/profile/03143948543305522865noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14237465.post-51781689978676569512010-06-09T20:14:01.348+10:002010-06-09T20:14:01.348+10:00the US-debt will most likely be outgrown by the GD...<i>the US-debt will most likely be outgrown by the GDP</i><br /><br />Pre 1980 your view would be right. Since 1980, however, GDP in the US has slowed considerably. Moreover, debt levels in the US have grown in relation to GDP.<br /><br />Of course the US could just begin growing at a faster rate again... but then so could Greece.<br /><br />And population is hardly a good measure for determining growth. US birthrates are almost below replacement level.Neil Cameron (One Salient Oversight)https://www.blogger.com/profile/03143948543305522865noreply@blogger.comtag:blogger.com,1999:blog-14237465.post-75660239073375153242010-06-01T21:31:39.128+10:002010-06-01T21:31:39.128+10:00dear OSO,
the most perceived problem with the EU ...dear OSO,<br /><br />the most perceived problem with the EU government debt is not the height, but more the expectation if this can be paid off. especially the Mediterranean countries are coping with a stable or decling population, compared to a constant expansion of the population in the US. <br />i.e.: the Greek debt will never be paid off, and the US-debt will most likely be outgrown by the GDP.Jacobhttps://www.blogger.com/profile/15280566363678151025noreply@blogger.com