Comments on: Costa Rica’s public debt close to its limit

By: Shaun Dolan

Shaun Dolan — Mon, 01 Oct 2012 21:03:45 +0000

This is incorrect. You need to include intra-governmental holdings in your calculations (eg: social security holdings etc). US debt to gdp is over 100% now. http://www.treasurydirect.gov/NP/BPDLogin?application=np

By: Shaun Dolan

Shaun Dolan — Mon, 01 Oct 2012 21:03:45 +0000

By: Anonymous

Anonymous — Mon, 01 Oct 2012 18:48:34 +0000

different progressive countries finance debt differently. in europe they force banks to hold it and roll it or lose their older holdings. every bank in europe has sovereign debt that would render them insolvent by any definition. most countries hold their own bonds like the USA and costa rica as they have central banks. since no one wants a USA bond anymore, the fed buys them all. whoopie. the one thing all progressive countries share is they all spend more than they can ever collect. does not matter who they tax, how they tax, whether they go to war or not or or even, as in the case of Canada and Australia, if they have massive natural resources to exploit. the dirty truth is that economic rights, the rights granted by a state to free stuff from education to health care to retirement do so by destroying the state that grants those rights. it is as obvious as the nose on your face yet everyone wishes to see it in a way they they can benefit and collect. well, you can do that and hope you die before the ponzi scheme ends, or you can face reality. damn little reality these days. in fact no progressive country is seeking to find ways that each benefit it pays out is funded by the beneficiary. illogical. fatal. stupid.

By: Roger Porter

Roger Porter — Sun, 30 Sep 2012 22:33:42 +0000

Hell let Costa Rica follow in the US foot steps and t6hen China can buy what is left for a song.

By: Timothy Williams

Timothy Williams — Sun, 30 Sep 2012 22:18:39 +0000

I knew what you meant, just figured I’d try to correct before others pounced on it and made a mess of the comments on this article Your point is quite valid, both here in CR and for the US. Best figure for the US in September was 72%.

By: Michael McConnell

Michael McConnell — Sun, 30 Sep 2012 22:18:38 +0000

Yes, sorry I was actually going for 70%. The point I was trying to make the US is in a panic, yet here with a similar debt its not even considered much of a concern by the government.

By: Timothy Williams

Timothy Williams — Sun, 30 Sep 2012 18:48:40 +0000

Michael, did you mean 72% ?

By: Timothy Williams

Timothy Williams — Sun, 30 Sep 2012 18:48:40 +0000

Michael, did you mean 72% ?

By: Michael McConnell

Michael McConnell — Sun, 30 Sep 2012 18:33:36 +0000

To think the US is reaching 7% of GDP and they are in a panic.