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Response to Fumesucker (Original post)

Sun Jul 5, 2015, 08:50 PM

4. That actually really doesn't put it in perspective

 

because it doesn't compare two similarly sized economies.

Greek's GDP is about $22,000 per capita. The same in the U.S. is about $53,000. The total economy of Greece is about 238 billion dollars and the total size of the U.S. GDP is about 17.5 trillion dollars.

So Greek's debit is actually about 1.5 times the size of their total economy.

You can't really compare the largest economy in the world to a country that is in the mid to low 40s in terms of size.

That said, we also drastically need to cut back on our military spending and get our financial house in better order.

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Arrow 21 replies Author Time Post
Fumesucker Jul 2015 OP
SusanCalvin Jul 2015 #1
MannyGoldstein Jul 2015 #2
Sherman A1 Jul 2015 #3
LineReply That actually really doesn't put it in perspective
mythology Jul 2015 #4
cstanleytech Jul 2015 #7
Fumesucker Jul 2015 #8
PETRUS Jul 2015 #10
Fumesucker Jul 2015 #14
Igel Jul 2015 #16
PETRUS Jul 2015 #19
ProdigalJunkMail Jul 2015 #5
Fumesucker Jul 2015 #9
ProdigalJunkMail Jul 2015 #13
Fumesucker Jul 2015 #15
ProdigalJunkMail Jul 2015 #20
Fumesucker Jul 2015 #21
OnlyBernieBurnsBush Jul 2015 #6
Fumesucker Jul 2015 #12
Spitfire of ATJ Jul 2015 #11
Adrahil Jul 2015 #17
Hydra Jul 2015 #18
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