Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: STMO999 on 26 January 2010, 14:22:54

Title: National debt
Post by: STMO999 on 26 January 2010, 14:22:54
The national debt of this country stands at a shocking level, £700 Billion or there abouts. America's, at $1.5 Trillion, is equally appalling.

So imagine my shock when I read this:

Jan. 25 (Bloomberg) -- Japan’s national debt is set to rise to 973 trillion yen ($10.8 trillion) by the end of fiscal 2010, according to the Finance Ministry. :o :o :o :o
Title: Re: National debt
Post by: tunnie on 26 January 2010, 14:25:10
Japan has always had big issues with national debt  :( Did'nt they almost go to the wall fairly recently?  :-/

Considering we are not half the size of the US, out debt is just insane  >:(
Title: Re: National debt
Post by: STMO999 on 26 January 2010, 14:27:09
Quote
Japan has always had big issues with national debt  :( Did'nt they almost go to the wall fairly recently?  :-/

Considering we are not half the size of the US, out debt is just insane  >:(


US GDP $12.5 trillion
UK GDP $2.2 trillion.
Title: Re: National debt
Post by: tunnie on 26 January 2010, 15:06:19
Quote
Quote
Japan has always had big issues with national debt  :( Did'nt they almost go to the wall fairly recently?  :-/

Considering we are not half the size of the US, out debt is just insane  >:(


US GDP $12.5 trillion
UK GDP $2.2 trillion.

Exactly, US Debt is 12% of their GDP, ours is 31%  :o
Title: Re: National debt
Post by: Dishevelled Den on 26 January 2010, 15:38:49
Quote
The national debt of this country stands at a shocking level, £700 Billion or there abouts. America's, at $1.5 Trillion, is equally appalling.

So imagine my shock when I read this:

Jan. 25 (Bloomberg) -- Japan’s national debt is set to rise to 973 trillion yen ($10.8 trillion) by the end of fiscal 2010, according to the Finance Ministry. :o :o :o :o


Still, others have taken heart at this news ST;

Capitalism's woes cheered at World Social Forum

http://news.yahoo.com/s/ap/20100126/ap_on_re_la_am_ca/lt_brazil_social_forum
Title: Re: National debt
Post by: STMO999 on 26 January 2010, 15:52:28
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Quote
Quote
Japan has always had big issues with national debt  :( Did'nt they almost go to the wall fairly recently?  :-/

Considering we are not half the size of the US, out debt is just insane  >:(


US GDP $12.5 trillion
UK GDP $2.2 trillion.

Exactly, US Debt is 12% of their GDP, ours is 31%  :o


It's a hell of a lot more than that, once you convert our 750 billion pounds into dollars.
Title: Re: National debt
Post by: STMO999 on 26 January 2010, 15:53:53
Quote
Quote
The national debt of this country stands at a shocking level, £700 Billion or there abouts. America's, at $1.5 Trillion, is equally appalling.

So imagine my shock when I read this:

Jan. 25 (Bloomberg) -- Japan’s national debt is set to rise to 973 trillion yen ($10.8 trillion) by the end of fiscal 2010, according to the Finance Ministry. :o :o :o :o


Still, others have taken heart at this news ST;

Capitalism's woes cheered at World Social Forum

http://news.yahoo.com/s/ap/20100126/ap_on_re_la_am_ca/lt_brazil_social_forum


It's a bit like that here Z, but, being British, we are more reserved. ;D