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If you look at your GDP growth graph, you'll see that most of the big economies are between 2 and 2.5% growth per year. If you put that in terms of GDP per capita growth, the differences will be even smaller.
This one I think you are underestimating, in the sense of GDP growth in comparison to increase in debt.  Samuelson points out that GDP growth in France has averaged 1.6% over the past several years.  In that same period, France has exceeded the 3% debt ceiling (as compared to GDP) in many of those years.  In fact in 1995, even when they achieved that number, hitting 2.9%, since the GDP growth was only 1.4%, France lost ground in the main evaluation of its overall debt position--total debt compared to GDP.  If this is an issue for the US with its overspending, and it is, why is it not an issue for France?
by wchurchill on Tue Apr 4th, 2006 at 04:45:51 PM EST
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