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Is US National Debt Out of Control? The Trillionaires Club of Nations

Is US National Debt Out of Control? The Trillionaires Club of Nations

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Published by VJLaxmanan
A Trillionaire’s Club, which includes 13 countries, is conceived here based on the GDP values for 2012 (compiled by the Economic Intelligence Unit, see The Economist, global debt clock). The countries that make it to this first Trillionaire’s Club for 2012 are, in order of decreasing GDP, USA, China, Japan, Germany, France, UK, Brazil, Italy, Russia, India, Canada, Mexico, and Australia. An analysis of the GDP-Debt data for this Trillionaire’s Club reveals that the current, astoundingly large, US national debt ($16.829 trillion on April 30, 2013), relative to its GDP, is, statistically speaking, entirely consistent with the debt and GDP values of other members of this Trillionaire’s Club of nations.
A Trillionaire’s Club, which includes 13 countries, is conceived here based on the GDP values for 2012 (compiled by the Economic Intelligence Unit, see The Economist, global debt clock). The countries that make it to this first Trillionaire’s Club for 2012 are, in order of decreasing GDP, USA, China, Japan, Germany, France, UK, Brazil, Italy, Russia, India, Canada, Mexico, and Australia. An analysis of the GDP-Debt data for this Trillionaire’s Club reveals that the current, astoundingly large, US national debt ($16.829 trillion on April 30, 2013), relative to its GDP, is, statistically speaking, entirely consistent with the debt and GDP values of other members of this Trillionaire’s Club of nations.

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Categories:Types, Research
Published by: VJLaxmanan on May 02, 2013
Copyright:Attribution Non-commercial

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09/15/2014

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