tag:blogger.com,1999:blog-2632357035930457754.post7024975019906566019..comments2024-02-06T09:43:58.911+01:00Comments on Correlation Economics: 150% Debt to GDPkatchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2632357035930457754.post-63381750359905038222013-04-11T19:25:01.143+02:002013-04-11T19:25:01.143+02:00Unfunded liabilities of medicare, social security ...Unfunded liabilities of medicare, social security & pensions are usually funded out of tax revenues when they fall due for payment.<br /><br />The huge store of wealth tied underpins the ability of the US to meet its obligations of this type out of its tax revenues in future years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2632357035930457754.post-66399539743357073412013-04-10T21:36:34.596+02:002013-04-10T21:36:34.596+02:00Wouldn't that 550% also be the coinciding amou...Wouldn't that 550% also be the coinciding amount of unfunded liabilities of medicare, social security?<br /><br />http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html?mod=WSJ_Opinion_LEADTopkatchumhttps://www.blogger.com/profile/16885231288918100897noreply@blogger.comtag:blogger.com,1999:blog-2632357035930457754.post-58986591634847268492013-04-10T05:30:25.536+02:002013-04-10T05:30:25.536+02:00This analysis is slightly misleading, because it i...This analysis is slightly misleading, because it ignores the fact that US holds a huge store of wealth equivalent to 550 percent of GDP, so it is a mistake to say that the US does not have much time left to correct its deficit, because higher borrowing is sustainable.<br /><br />Check out the analysis by Paul Ashworth of Capital Economics Ltd cited in this Bloomberg article: "<a href="http://www.bloomberg.com/news/2013-04-09/u-s-isn-t-broke-dollar-won-t-collapse-capital-economics-says.html" rel="nofollow">U.S. Isn’t Broke, Dollar Won’t Fail</a>". Anonymousnoreply@blogger.com