Setting the record straight.
Public debt in the US is high for sure and should be controlled.
10th in the world according to FMI.
34th according to the CIA. - less trustworthy because it is not an independent source.
The simple fact is that how you well you invest your money makes a big difference... Singapore is 9th on the list according to FMI, but they seem to have invested their money very wisely.
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Public debt in the US is high for sure and should be controlled.
10th in the world according to FMI.
34th according to the CIA. - less trustworthy because it is not an independent source.
The simple fact is that how you well you invest your money makes a big difference... Singapore is 9th on the list according to FMI, but they seem to have invested their money very wisely.
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
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