Tag Archives: economics

“There is no better time and place to be in poverty than in America right now. Of course we don’t want that for everyone, but that is something that people do gloss over very quickly. That in the United States there tends to be a certain level — the baseline is just so much higher than even working class or …

The debt ceiling kerfuffle has prompted the BBC to post several economic comparison charts. Taken out of context, the numbers are staggering. The US has a total debt pile of almost $17 trillion (£10.6 trillion), which is expected to rise to almost $23tn in the next five years. Japan is not far behind, with current debts totalling $11.5tn. By any …