The United States recorded a Government Debt to GDP of 101.53 percent of the country's Gross Domestic Product in 2013. Government Debt to GDP in the United States averaged 60.81 percent from 1940 until 2013, reaching an all time high of 121.70 percent in 1946 and a record low of 31.70 percent in 1974. Government Debt to GDP in the United States is reported by the U.S. Bureau of Public Debt.

The problem with Greece is the origin of the debt. Capitalism is by definition of risk on the loans between the 2 parts, when banks loan money to someone that cant pay don't receive it back. Well that was the problem because the money from Troika was to pay the banks (mostly in Germany and France) and not to Greece. Loans must be paid but when private banks loan money to someone that can never pay, it is their risk, according to capitalism laws.

They socialize the losses and privatized the gains of the banks, no money went to Greece on all this process, anyway this is a most complex issue that is in discussion for very long. If we cant take politics out of economy, it is time to look for a new economics theory because what happens now is not fair and for sure DEMOCRACY is more important than econmy.


A very Democratic Duke