Putting the National Debt in Perspective


As the debate continues over deficit spending in Washington, I thought it might be useful for everybody involved to take a quick look at this here list. It lists public debt as a percentage of GDP. While not a perfect measure of a country’s budget health, it is probably among the most useful.

What does the list reveal? Topping the list is Japan, which given the past two decades is not surprising. But the US is in better shape than the global average, including such economic heavyweights as the UK and Germany.

Granted, a decade of deficit spending is not good- we’ve been living beyond our means since electing George Bush, and only part of that deficit is from the wars. And unlike JC at 4&20 (who is nonetheless hosting an interesting conversation on the matter), I agree with Jon Tester that we can afford to make some responsible cuts. Indeed, now that there is finally some public sentiment beyond it, perhaps we can cut some inefficiencies that til now have been sacred, like cold-war era military deployments that merely engender mistrust from the host countries.

But I don’t trust that this is the actual intention of Republicans. Republicans like Boehner and Coobs (see any of his prognostications about 2012) believe that defeating Obama in 2012 is more important than improving the economy. So I don’t think it’s a coincidence that when a Republican was in the oval office, increased federal spending and government employment was used to pad an otherwise weak job recovery, but now that it is a Democratic is president, Republicans are looking to sabotage fledgling job growth that threatens to derail their plans to take control of the White House and Senate in 2012.

The verdict – ‘responsible cuts’ are always beneficial during periods of deficit spending, and may actually be possible now. But our backs are far from up against the wall credit-wise, and the most important thing is to allow the economy to recover before tackling the revenue and spending issues that have reversed our one-time surplus.

If you appreciate our efforts to hold Montana Republicans accountable and the independent journalism here at The Montana Post, please consider supporting our work with a small pledge.
Join a discussion of this (and all of our post) at our Facebook community page.

About the author

The Polish Wolf


Click here to post a comment
  • From my research, shopping for electronics online may be easily expensive, however there are some tips that you can use to acquire the best things. There are always ways to obtain discount deals that could help to make one to have the best consumer electronics products at the lowest prices. Good blog post.

  • wonderful issues altogether, you just received a logo new reader. What may you suggest about your post that you just made some days in the past? Any positive?

  • What i do not understood is actually how you’re not actually a lot more well-preferred than you might be right now. You’re very intelligent. You already know therefore considerably in terms of this topic, produced me for my part imagine it from numerous varied angles. Its like women and men aren’t interested except it is something to accomplish with Woman gaga! Your personal stuffs great. Always deal with it up!

  • Many thanks for being our tutor on this matter. My partner and i enjoyed your current article greatly and most of all appreciated the way in which you handled the areas I considered to be controversial. You’re always really kind towards readers much like me and help me in my existence. Thank you.

  • Hello! This is kind of off topic but I need some help from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions? Many thanks

  • I¡¦ll immediately grab your rss as I can not find your email subscription hyperlink or e-newsletter service. Do you have any? Please let me realize in order that I may just subscribe. Thanks.

  • Ρretty gоod рost. I just ѕtumblеd upon yоuг blog and wanted tо say that I haѵе rеаlly enjoyed reading yоur blog posts.Any wаy Ill be ѕubsсrіbing to your feed anԁ I hоpe you рost again soon

  • Thanks so much with regard to giving me personally an update on this subject on your web-site. Please realize that if a completely new post becomes available or in case any adjustments occur on the current submission, I would consider reading more and understanding how to make good use of those approaches you talk about. Thanks for your time and consideration of other individuals by making your blog available.

  • Hi, Neat post. There’s a issue along together with your internet site in internet explorer, could check this… IE nonetheless could be the marketplace chief and a large section of other folks will miss your magnificent writing due to this problem.

  • I’m just writing to make you be aware of what a nice experience my friend’s daughter found visiting your site. She discovered so many pieces, which include what it is like to possess a great coaching heart to have others effortlessly know just exactly several very confusing subject matter. You actually surpassed visitors’ expected results. Thank you for coming up with the beneficial, safe, educational not to mention cool tips about that topic to Tanya.

  • Thank you a lot for providing individuals with remarkably pleasant chance to read in detail from this website. It is always so pleasant and packed with a lot of fun for me personally and my office peers to visit the blog nearly 3 times in a week to read through the new things you will have. And indeed, we’re actually impressed concerning the terrific solutions you give. Some two tips in this article are absolutely the most impressive we have all had.

  • I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this greatest doc.

  • Right after study some of the content within your website now, we genuinely such as your technique of blogging. I bookmarked it to my bookmark internet internet site list and will also be checking back soon. Pls take a look at my web-site likewise and make me aware what you believe.

  • Thanks for sharing excellent informations. Your site is so cool. I am impressed by the details that you¡¦ve on this blog. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my pal, ROCK! I found simply the info I already searched all over the place and simply couldn’t come across. What a perfect web-site.

  • I and also my guys happened to be following the best guidelines from the website while at once I got an awful suspicion I had not expressed respect to the site owner for those strategies. All of the young boys had been as a consequence joyful to read through all of them and have now actually been taking advantage of those things. Appreciation for actually being so considerate and for having variety of magnificent ideas most people are really desirous to discover. Our own honest apologies for not expressing gratitude to you sooner.

  • Denna guide vill guida er med att utvälja ett robust och billigt webbhotell att äventyra problem för din hemsida längre fram i tiden.. Sorgligt nog finns det flertal webbhotell som aldrig håller måttet medans andra glänser år efter år. Problemet med många av de sämre webbhotellen är att de utnyttjar icke-etisk och lögnaktig marknadsföring.

  • Interesting approach towards that. Wondering what you bring to mind its implication on society overall though? Sometimes people find a little upset with universal expansion. Ill be around soon to consider your response.

  • You have some enthralling ideas on this issue and I enjoyed combing over Putting the National Debt in Perspective very much. After finding your blog on Digg, I have included it in my bookmarks in order to share it with others.

  • I’d need to verify with you here. Which isn’t something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to remark!

  • I have enjoyed looking around your blog and poring over various pieces. Putting the National Debt in Perspective is a well written post about a very intriguing issue. I cannot wait for your upcoming updates.

  • I have noticed that online diploma is getting favorite because obtaining your degree online has turned into a popular choice for many people. A large number of people have not necessarily had an opportunity to attend a traditional college or university nevertheless seek the raised earning possibilities and career advancement that a Bachelor’s Degree provides. Still others might have a diploma in one course but want to pursue anything they already have an interest in.

  • Thank you a lot for sharing this with all people you actually recognize what you’re speaking approximately! Bookmarked. Kindly additionally visit my website =). We will have a link change agreement among us!

Support Our Work!


What would be the most appropriate nickname for Matt Rosendale?

Follow Us on Twitter

Subscribe Via E-mail

0 /* ]]> */