(cont'd from yesterday's post)
U.S. federal government collects a lot of money in taxes, but unfortunately it spends a lot more than it collects. The difference is called a "deficit" and it's growing fast.
National Debt Clocks gives you a view of the speed at which debt is growing. Compared to their Gross Domestic Product (GDP) here are some nations' debt:
America - 109%
Brazil - 76%
China - 45%
France - 99%
Germany - 65%
Greece - 194%
Japan - 250%
New Zealand - 34%
Poland - 55%
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