10 countries with largest debt

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Seeing Red: The 10 Countries With the Largest Debt
By[URL='http://www.insidermonkey.com/blog/author/pablo-erbar/']PABLO ERBARinLists
Published: December 2, 2014 at 4:24 am
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When it comes to keeping a healthy balance sheet, thecountries with the largest debtin the world seem to be doing just about everything wrong. Yet despite the fact that most people would agree with this statement, the countries in question do not seem very concerned about their financial situations. The reason for this can be reduced to a very simple factor: countries cannot be forced to pay their debt. Of course there are always consequences for not meeting debt obligations, yet these are far more drastic for businesses and households than for sovereign states.
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http://www.insidermonkey.com/blog/seeing-red-the-10-countries-with-the-largest-debt-336137/
 
The lenders just suck these morons dry. It's not an emergency until the borrower is borrowing about 40% of their payments. They can continue on like that for awhile, using the emergency stories to bleed the taxpayers even more then when they finally either default or have hyperinflation it's time for the lenders to move on...
 
Countries can be net lenders while borrowing a lot... The US is really weird: 1) BEST economy in the history of mankind 2) borrows a lot of money...
 
with rates this low, anybody who is not deep in debt is crazy. I'm debt free, because like a lot of businesses, I just can't think of anything worth borrowing for. But if you are young starting out, you should owe a lot on a house a car and an education. They are practically giving you money. Good time to by a stove, a refrigerator, a washer and dryer. Those use to be big deals, but I guess nowadays everybody already has one. But there are still plenty of non USA citizens who don't, and they should be borrowing like crazy and buying. Good for them, good for the banks.
 
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