Thursday, January 21, 2010

Who Owes the Most?


OK, it is no secret that our government owes other governments a lot of money. We have for some time. I have been hearing this my whole life. I'll be honest, it freaks me out. What happens when these bill collectors come knocking?

That good old American pessimism always plays up the national debt but I learned recently that comparatively it could be worse. So, who owes the most? According to the International Monetary Fund, US Census Bureau, and World Bank in the following countries every man, woman, and child owes:
  1. Greeks-$27,746
  2. Belgians-$27,023
  3. Austrians-$26,502
  4. Irish-$24,247
  5. Norwegians-$21,402
  6. Italians-$21,089
  7. Dutch-$20,412
  8. French-$18,946
  9. Germans-$15,574
  10. Finns-$13,617
  11. Americans-$11,094
  12. Danes-$9,410
  13. Spaniards-$8,715
  14. Swedes-$7,058
  15. Brits-$6,526
  16. Hungarians-$5,802
  17. Japanese-$5,322
  18. Canadians-$5,213
  19. Israelis-$3,843
  20. Slovenes0$3,635
Now I'm not sure who owes who what but I do know that we (Americans) owe China roughly $799 billion dollars. Yep, that's right, the "God-fearing," "righteous," capitalistic country owes the "God-hating," "hedonistic," communist country almost a trillion dollars. Shoot! Maybe we should have gone with that philosophy then they would owe us money!

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