You should always take GDP in consideration when looking at country debt. But of course you also need to look how is debt structured. But there are also other things important. Japan is quite deep in shit. Their population is aging fast. Sudan have one of youngest population on world. Also debt dont make economic situation worse, but better. Paying that debt off will make it worse.
Yeah, Suda might have the youngest population, not sure about it, but it's pretty damn easy when the life expectancy is 64 years, while in Japan is 84. Of course, ho cares about living 20 years more, right?
What people tend to forget is that there is also another indicator of the wealth of those countries.
And the website we talk about also has it, at the bottom
See this small thingy:
Well, on average it will take the Sudanese people 2 lives to achieve this wealth and only if they do not spend a dime!
the eradication of national debt so far in a term is impossible. We have to give Mr. Trump another 2-3 more terms so he can do it.
In the first term, he did a very good job of restoring the US economy, the next step would be to gradually eliminate bad debt.
In the first term, he did a very good job of restoring the US economy, the next step would be to gradually eliminate bad debt.
What was there to restore? Nothing!
In 3 more terms, he will take the debt to 30 trillion the way he started.