Rugy, Veronique de. “How Does the US Debt Position Compare with Other Countries?” Mercatus Center, 22 Oct. 2013, https://www.mercatus.org/research/data-visualizations/how-does-us-debt-position-compare-other-countries.
Graph:
Summary/My Interpretation: As a whole, this graph examines the debt to GDP ratio of the top 5 richest per capita nations. When looking at the graph, it is evident that the US has a debt to GDP ratio far greater than any of the other top 5 nations, with its ratio being more than double that of the next highest.
How I Plan To Use This In My Project: When talking about the federal debt, one of the most commonly cited arguments against taking immediate action is that other nations with large sums of debt have continued to prosper economically. However, this statement fails to compare the debt to GDP ratios of the US with other nations of a similar wealth level. At the point where the US’ is so much higher than other nations, one can’t say that what happens in those nations will happen to the US.
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