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In today’s global economic environment, many national economies have looked to their governments for financial support, which equates to increase spending which in turn grows the national debt. Deficit spending and government debt are the norm in most western countries, but due in part of the global financial crisis. Read more about this and see the “External debt” taken from The World Bank and the CIA World Factbook. External debt is a measure of a government’s foreign liabilities, capital plus interest that a government must eventually pay. So how does the US debt compare to other developed countries?

Tags: Economics, external debt, United States Economics, US Debt

This entry was posted on Monday, January 25th, 2010 at 12:01 pm and is filed under Debt, Economics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.