Young (highly skilled?) couple looking to migrate to the U.S
#32
Re: Young (highly skilled?) couple looking to migrate to the U.S
#33
Re: Young (highly skilled?) couple looking to migrate to the U.S
...which is massive, it's true; you wouldn't want to say it's a rosy picture!.
http://zfacts.com/p/318.html
However the USA can fund it's debt at very low interest rates and it's AAA credit rating is very secure; for now. The important thing with a deficit is whether you can afford it and whether you have the economic growth prospects to be able to service it. So for example, the national debt of Great Britain in 1816 was a dizzying 237 percent of GDP - far higher than the current US debt- but thanks to growth in the 19th century we got it down to 25% in 1914; by 1945 it was back up to 238 percent of GDP. The risk of a double dip seems to have passed while it's an ever-present threat here once the cuts begin at the next budget. Growth is slow in the U.S but it's worse here (pre cuts) and it isn't happening in Ireland which isn't projected to recover for 14 years (Ernst and Young).
Interesting times ahead and we haven't even got to the pensions crisis yet.
http://zfacts.com/p/318.html
However the USA can fund it's debt at very low interest rates and it's AAA credit rating is very secure; for now. The important thing with a deficit is whether you can afford it and whether you have the economic growth prospects to be able to service it. So for example, the national debt of Great Britain in 1816 was a dizzying 237 percent of GDP - far higher than the current US debt- but thanks to growth in the 19th century we got it down to 25% in 1914; by 1945 it was back up to 238 percent of GDP. The risk of a double dip seems to have passed while it's an ever-present threat here once the cuts begin at the next budget. Growth is slow in the U.S but it's worse here (pre cuts) and it isn't happening in Ireland which isn't projected to recover for 14 years (Ernst and Young).
Interesting times ahead and we haven't even got to the pensions crisis yet.
Last edited by HumphreyC; Jun 16th 2010 at 12:27 pm.
#34
Re: Young (highly skilled?) couple looking to migrate to the U.S
Just found these figures and I was shocked!
http://www.cnbc.com/id/30308959?slide=2
http://www.cnbc.com/id/33506526/Coun...aded_With_Debt - What it's measuring
On the debt countdown:
Ireland - 1,312%
External debt (as % of GDP): 1,312%
Gross external debt: $2.32 trillion
2009 GDP (est): $176.9 billion
United Kingdom - 425.9%
External debt (as % of GDP): 425.9%
Gross external debt: $9.15 trillion
2009 GDP (est): $2.15 trillion
United States - 96.5%
External debt (as % of GDP): 96.5%
Gross external debt: $13.77 trillion (2009 Q3)
2009 GDP (est): $14.26 trillion
I have no idea how the heck Ireland is going to pay that money back. Oz is in at 124.3% of GDP debt so I guess it will have to Canada eh?
http://www.cnbc.com/id/30308959?slide=2
http://www.cnbc.com/id/33506526/Coun...aded_With_Debt - What it's measuring
On the debt countdown:
Ireland - 1,312%
External debt (as % of GDP): 1,312%
Gross external debt: $2.32 trillion
2009 GDP (est): $176.9 billion
United Kingdom - 425.9%
External debt (as % of GDP): 425.9%
Gross external debt: $9.15 trillion
2009 GDP (est): $2.15 trillion
United States - 96.5%
External debt (as % of GDP): 96.5%
Gross external debt: $13.77 trillion (2009 Q3)
2009 GDP (est): $14.26 trillion
I have no idea how the heck Ireland is going to pay that money back. Oz is in at 124.3% of GDP debt so I guess it will have to Canada eh?
Last edited by HumphreyC; Jun 16th 2010 at 1:08 pm.
#35
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: Young (highly skilled?) couple looking to migrate to the U.S
#36
Re: Young (highly skilled?) couple looking to migrate to the U.S
The risk of a double dip seems to have passed while it's an ever-present threat here once the cuts begin at the next budget. Growth is slow in the U.S but it's worse here (pre cuts) and it isn't happening in Ireland which isn't projected to recover for 14 years (Ernst and Young).
Interesting times ahead and we haven't even got to the pensions crisis yet.
Interesting times ahead and we haven't even got to the pensions crisis yet.
#37
Re: Young (highly skilled?) couple looking to migrate to the U.S
What utter nonsense ...A lawyer can give you nothing but a bill in relations the DV lottery