Warren Buffet ends the Deficit.
Warren Buffet ends the Deficit.
Out of context: Reply #15
- Started
- Last post
- 19 Responses
- mathinc0
^ US debt is near 100% of GDP. I heard a podcast a while back (Planet Money) that was saying that the magic number is 90%, once a country goes over the magic number then bond rates start to rise significantly and the economy gets harder and harder to control. By comparison I believe Greece is at/near 150%. Italy is at 120%.