Japan Is In Decline, Its Massive Debt Is No Model To Follow
Should we be worried about America’s growing national debt, now at $22 trillion? That figure represents a debt-to-gross domestic product (GDP) ratio of 106 percent. By historical standards, that’s a level not seen since the end of World War II, when the 1946 ratio reached 119 percent. Budget hawks predict doom given today’s figures, while … Read more