http://bit.ly/budrlj [Foreign direct investment, net inflows]
http://bit.ly/bkZd05 [Military Exp.]
http://bit.ly/9pQBwd [Imports]
http://bit.ly/b0hS8F [Exports]
http://bit.ly/bPqR4O [GDP per capita]
http://bit.ly/c3Bxxl [Industry value added % of GDP]
http://bit.ly/cHYHfL [Taxes revenue]
http://bit.ly/bvf63D [Federal deficit % of GDP]
If we decrease the military spending and increase the taxation to the lever of Germany there will be no deficit.
Note that most years the Federal deficit % of GDP is way below 10%. In those years we can have been been paying the debt.
If we can pay 10% of the debt per year it will be paid in full in X years. (Help me out there).
As the GDP grows this will even become easer.
Another interesting data is that US gets over 300B in foreign investment per year. I don't think that all of it should be considered a bad debt. There is something to be said that US act as a bank. It gets deposits for low interest pay back and then HOPEFULLY invest the funds in ventures that bring higher % of pay back. The US keeps the difference as a profit like any normal bank will do.
http://bit.ly/bkZd05 [Military Exp.]
http://bit.ly/9pQBwd [Imports]
http://bit.ly/b0hS8F [Exports]
http://bit.ly/bPqR4O [GDP per capita]
http://bit.ly/c3Bxxl [Industry value added % of GDP]
http://bit.ly/cHYHfL [Taxes revenue]
http://bit.ly/bvf63D [Federal deficit % of GDP]
If we decrease the military spending and increase the taxation to the lever of Germany there will be no deficit.
Note that most years the Federal deficit % of GDP is way below 10%. In those years we can have been been paying the debt.
If we can pay 10% of the debt per year it will be paid in full in X years. (Help me out there).
As the GDP grows this will even become easer.
Another interesting data is that US gets over 300B in foreign investment per year. I don't think that all of it should be considered a bad debt. There is something to be said that US act as a bank. It gets deposits for low interest pay back and then HOPEFULLY invest the funds in ventures that bring higher % of pay back. The US keeps the difference as a profit like any normal bank will do.