Thread: Does America Owe Too Much? - POLL

March 28, 2010

Does America Owe Too Much?

Critics of government spending are voicing alarm about the growing national debt. In January, the U.S. public debt was $7.5 trillion—about 53% of the country’s total economic output, also known as gross domestic product (GDP).

By comparison, Japan’s debt-to-GDP ratio was 192% and Saudi Arabia’s was 20% in 2009, according to the latest figures available. Economists use the ratio of public debt to GDP as an indicator of a country’s economic health. So what do these numbers mean? Is America’s debt level dangerous?

========================================
POLL at this link:

http://www.parade.com/news/intelligence ... -much.html

Do you fear that our national debt will hurt our economy?
Yes
No

View Results
=====================

The short answer is, “No, but it might be soon.â€

Yes 93%

No 7%

Thank you for voting!
Yes 93%

No 7%