CNN GPS Fareed Zakaria: The Difference Between USA and Scandinavia

[CookieDoughFK1]

If only People had the will to change. Change comes from the bottom up not the other way. They need a drastic reform. I mean look at the way things are going. If things dont change it will end in ruin. But just voting isnt going to change anything, an new political party is needed, one which stands for reform and efeticivisation of the politcal system. a System where people are able to influence their comunity, state, town or country. With many political parties reprecenting peoples interests.

[fargonbastedge]

Nice try Farred, but most Scandinavia countries are 3 or 4 times more in debt then the USA. GDP to debt % ratio...

[Uhmu45]

@fargonbastedge

Thats not true. Sweden's, Denmark's and Finland's dept is roughly twice as low as US. Norway has higher but as they are a rich oil exporter they have endless reserves, they could pay that dept 10 times over. And last and least Iceland. They have a high dept because their banking system collapsed, they are broke.

Sweden's growth rate q4 2010 was 7,3%.

[fargonbastedge]

@Uhmu45 Ya, twice as low as the US, but there economy is 10 times as smaller as the US. You would of known that already if u would of read more closely to my words " GDP to debt % ratio"

Its like saying, which would u rather have A.) $10,000 in debt and only bring in $20,000 a year or B.) 40,000 in debt but making a million a year? Obviously it would be B.

When determining the danger zone of debt you have to look at the precentadge NOT just the overall sum.

[Uhmu45]

@fargonbastedge

The numbers i compared were gdp to debt ratio. The Nordic country's are fiscally conservative. If we take the overall sum, then US is so deep into the red compared with all of the Nordic country's combined that there is nothing to compare.