Sunday, July 15, 2012

Amid latest European bailout, warning signs in US debt figures

Liberal legacy.
While debt and deficits have fallen off Washington's radar screen a bit, in favor of debate over the federal health care law and other issues, U.S. finances remain alarmingly out of balance. And by some measures, it's worse than it is across the pond.
Consider this: Per capita debt in the United States is higher than in all -- or at least some, depending on how it's calculated -- the European nations that have accepted bailouts to date.

Based on official 2010 International Monetary Fund data released earlier this year, the U.S. debt per capita is $46,208.
Ireland: $41,906 Greece: $38,159 Portugal: $19,686 Spain: $18,162

No comments: