Latest comment: "It tells us, Colin M, that you don't have any idea about economics. A healthy country has managed debt, a country's government is not supposed to MAKE money. It spends it at a maintained rate. I don't think this is entirely accurate, neither. Germany and most other EU countries are in the same situation as the UK, for example. "
Are you sure you want to delete this comment? Delete |
Cancel
Guest: haves (471 days ago)
Japan and Germany certainly did well for having their military prohibited after WWII. The USA spends half of the entire world's yearly militray budget. Who's the facists?
Are you sure you want to delete this comment? Delete |
Cancel
Guest(472 days ago)
That debt has been mounting for many many years before the war on terror, in fact the war on terror has no impact at all. We still both owe Germany and Russia a fortune from long ago, the debts continue to rise because our governments like to spend way more than they produce.
Are you sure you want to delete this comment? Delete |
Cancel
Guest: henpeSt (472 days ago)
Can't see the bottom of this (from "151. Poland" and down). Looks like interference on a TV screen. Then you can partially read it. Where's the U.K.? (I could do with a laugh)
Are you sure you want to delete this comment? Delete |
Cancel
Guest(472 days ago)
Actually, this has nothing to do with bank accounts. The current account balance is part of the balance of payments of a country. It is roughly equal to net exports + some transfers.
![MySpace](javascript:GetThis('Current accounts around the world, according to the CIA', '<a href="http://www.boreme.com/boreme/funny-2008/cia-nations-current-accounts-p1.php"><img src="http://media.boreme.com/boreme/x-big/cia-nations-current-accounts.jpg" alt="Current accounts around the world, according to the CIA" border="0" /></a>', 'http://www.boreme.com/boreme/funny-2008/cia-nations-current-accounts-p1.php', '')){kind=link}