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10/06/2013

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Jjj Jjj

I always find it odd when dept is compared to GDP. GDP lacks context.
Maybe a better fit is revenue and that would change quite a lot of things. Some european nations might have a high debt to GDP ratio but some of those are not very stable and some have a very solid debt/revenue ratio.
The US can't reach the level of taxation in the EU anytime soon and that makes the debt per GDP ratio irrelevant.
Sure we have the deficit but we don't include the backlog there.

(sorry if debt/revenue is already used ,i am not aware of it)

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