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[STMO999]

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.

[tunnie]

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 

[STMO999]

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.

[tunnie]

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% 

[Dishevelled Den]

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.

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

[STMO999]

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% 

It's a hell of a lot more than that, once you convert our 750 billion pounds into dollars.

[STMO999]

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.

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.