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COMMENTS:
(Bracing for the storm of hits)
According to figures I saw, it is going to cost every average American family 3,500 dollars each. I hope you're all saving up!
Our debt is nothing compared to most of Europe but it's still a big drain on the economy. It wouldn't be an issue if we abandoned fiat money.
The UK has a surplus?? We only have a common market with the EU, not a federal bank.
The data I have shows the UK with about the same debt/GDP as the USA but that was a few years ago so we're probably worse off than you now. This data has our debt at 63% of GDP and many Western European nations are over 100%. You should not confuse deficit/surplus with debt. We had a surplus a few years ago but we still had trillions in debt and I'm sure the UK still has hundreds of billions in debt. Your Bank of England is similar to our Federal Reserve; it screws everyone for the benefit of the bankers.
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