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Originally Posted by White Doors
America's debt to GDP ratio is still less than Canada's last I heard though.
No doubt that Canada is booming though.
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Wow, you must still be thinking of the golden Clinton years (I know you miss him!) - Where America was the pillar of world commerce.
Thanks to ol'Bushie by the time he leaves office America will have a debt-to-GDP ratio that is ~twice that of Canada's (Something like 40% v. 80%.)
America's yearly DEFICITS are now like 4% of GDP (or like 6% if you include all the 'emergency financing' needed each year for those ongoing mistake's on the other side of the earth before even talking about the ratio to accumulated debt!
(When you include provincial and state debt it is a much narrower race but then when you include outstanding liabilities like pensions and health care promises then Canada retakes the lead by a wide margin again.)
Of course America has only slipped in the past ~6 years or so. Before that it was Canada that was the laggart.
Claeren.