Monday, January 28, 2013

World is right to worry about US debt

World is right to worry about US debt - FT.com
"For example, as its share of global gross domestic product shrinks from about 20 per cent today to as little as 10 per cent in five decades, should it try to continue to play the role of global policeman?
The US spends more than 4 per cent of GDP a year on defence, roughly twice the global average."

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