What I find amazing in all this, is that Greece is actually running a surplus (when you excluded debt interest). That was just an odd one liner in some article I read. So the US and not many countries at all run a govt surplus (excluding debt interest).
Poor Greece. They seem to have been singled out. Japan is 250% debt to GDP. No worries, mate.
USA is $17 Trill in debt and forward unfunded promises around $200 Trill AND run a huge deficit each year, before borrowing on top of deficit to pay interest on $17 Trill (at 1.3% only, interest). And no surplus is ever predicted into the future. And we have... no worries, mate.
Why dont we send Hockey on a study tour of Japan and the USA. He obviously has concerns for us, but reallly, it is... no worries, mate.
