Third-world debt levels

Debt held by the public by percentage of GDP:

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Heritage Foundation has more.

Meanwhile, in the news,
Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

In his New Mexico appearance, the president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare. He also said he was confident that the House and Senate would pass health-care overhaul bills by August.

“Most of what is driving us into debt is health care, so we have to drive down costs,” he said.

A question for the President:
Since when has instituting a single-payor, single-provider system driven down costs?

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One Response to “Third-world debt levels”

  1. Michael Merrett Says:

    What is all this fuss over our national debt? When the time is right we can just send Bono to China where he will skillfully convince the Chinese to forgive decades of unbridled American consumer excess. Problem solved.
    Now calm yourselves, ‘American Idol’ starts in a few hours.