"Political gridlock. High national debt. Rock-bottom bond rates. An aging population. Warnings about more downgrades."-CNN Money
Is the U.S. economy headed towards a fate like Japan's? Jeanne Sahadi thinks so. With our Gross Debt at almost 100% over our GDP and Japan's at 236% over theirs, Sahadi believes that we are headed towards the same problems that Japan is facing. Japan hit a stock market crash almost 20 years ago and never recovered. However, I feel that this article makes our debt seem much worse than it actually is. I mean, really, JAPAN? C'mon.
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