The European Union has lower government debt levels than America. Gross government debt in the 27 nations of the EU was 80% of the region's GDP at the end of 2010; in America gross federal debt at the end of 2010 was 94% of GDP. Furthermore, government debt is growing more slowly as a percentage of GDP in the EU than in America, because pretty much every nation in the EU is implementing austerity measures. The general government deficit in the EU-27 in 2010 was 6.6% of GDP. In America the federal deficit in 2010 was 9% of GDP.IT MATTERS NOT WHETHER HE DID THIS ON PURPOSE OR IF IT'S A RESULT OF GROSS INCOMPETENCE, BASED ON THESE FACTS ALONE: OBAMA IS THE WORST PRESIDENT OF ALL TIME.
"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."
Monday, February 20, 2012
UNREAL: OBAMA HAS MADE OUR SOVEREIGN DEBT WORSE THAN THAT IN CRISIS-RIDDEN EUROPE!
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