Trust in the LORD with all thine heart; and lean not unto thine own understanding. ~Proverbs 3:5

OECD Report: U.S. one of the most indebted nations in the world

Posted: 2015-07-22

By   /   July 10, 2015 Citizen Watchdog

Shutterstock Image

Shutterstock Image

SWEAT THE DEBT: A new report released by the OECD ranks the U.S. as the sixth most indebted advanced economy in the world.

Greece is making headlines lately for its debt crisis, but the United States isn’t that far behind when it comes to federal debt.

According to a new report released by the Organization for Economic Cooperation and Development (OECD) the United States ranks number six on the list of the most indebted advanced economies in the world.

In 2007, the ratio of debt-to-Gross Domestic Product (GDP) in the U.S. was under 76 percent. By 2014, the U.S. debt-to-GDP ratio rose to an astonishing 122.6 percent. Unfortunately, this measure does not take into account unfunded obligations such as Social Security or Medicare, so the situation is arguably much worse than this report indicates. But it is still pretty dire.

The only countries that top the U.S. when it comes to debt-to-GDP are Greece (181 percent), Italy (156 percent), Portugal (149 percent) Belgium (129 percent) and Ireland (127 percent). Japan probably would have topped the list but the last year data was available was 2012 when Japan’s national debt was a whopping 235 percent of its GDP.

The OECD’s outlook for the U.S. economy has improved somewhat, but the report does indicate that there continue to be drags on the recovery. According to the report, “the recovery has hit a soft patch” and although the labor market has improved somewhat, “wage acceleration to date has been modest and not broadly based.” In other words, American workers are not seeing their wages rise.

Currently, the U.S. national debt is nearly $18.3 trillion, but the OECD predicts that the debt will stabilize to around 110 percent of GDP in the next year or two due to “cyclical developments” before accelerating again by 2018 “largely driven by healthcare spending and, to a lesser extent, social security.”

Out of all of the OECD countries, Estonia has the lowest debt-to-GDP ratio at 14 percent. And for our continental neighbors, Canada’s national debt comes in at 105 percent of GDP, while Mexico’s ratio is 37 percent.

The OECD looks at a number of key indicators, including public finance and economics, public employment, human resource management, budgeting practices and procedures, public sector integrity, regulatory governance, and service to citizens. According to the website, the purpose of the study is to help governments make informed decisions and restore confidence in government institutions.

“While measuring government performance has long been recognized as playing an important role in increasing the effectiveness and efficiency of the public administration, following the economic crisis and fiscal tightening in many member countries, good indicators are needed more than ever to help governments make informed decisions regarding tough choices and help restore confidence in government institutions.”

With a debt-to-GDP ratio of 122.5 percent, and no real plans to rein in spending, it might be tough for American citizens to regain confidence in U.S. government institutions.

This article was written by a contributor of Watchdog Arena, Franklin Center’s network of writers, bloggers, and citizen journalists.

Karen Beseth lives with her family in Upstate New York. She works in the insurance industry and her personal blog is Find her on Twitter @lonelycon.


Share this article on:    Facebook     Google+     Twitter


Enter comments below:

Your Email:
Validation Code from Graphic:
Enter these characters in the field above.

(Comments subject to review before being published.)


Christian Persecution Article Summary
PostedArticle TitleTotalPending
2019-07-14 NO OPT-OUT ALLOWED: The California Sex Ed In... 0 0
2019-07-07 How should Christians respond to the LGBT mo... 0 0
2019-07-07 Amazon bans books on gay "conversion therapy... 0 0
2019-05-08 This what "LGBT" Really Means 0 0
2019-05-06 David Horowitz Discusses His New Book "Dark ... 0 0
2019-04-29 IRS Officially Grants Satanic Temple Tax-exe... 0 0
2019-04-15 Bank of America Donated over $20,000 to SPLC... 0 0
2019-02-25 Slavery In The Bible 0 0
2018-05-23 China Style Persecution Of Christians Comes ... 0 0
2018-03-19 The Mormon Book Of Abraham 0 0
2018-03-19 LDS Church Beliefs Explained By LDS Elders 0 0
2018-02-17 North Carolina mom begins serving jail sente... 0 0
2017-11-22 Christmas Lights in Arcadia Will Shine-- Jus... 0 0
2017-07-11 Nobody in America is Talking About This... (... 0 0
2017-05-04 Gay couple's suit against Kim Davis can proc... 0 0
2017-01-19 The New McCarthyism: Enemy Of The State | Ib... 0 0
2016-07-22 Judge Rules Christian Dating Website Must No... 0 0
2016-05-22 The Decline of Faith and Western Civilizatio 0 0
2016-03-11 Another Baker under Gay Agenda Threat for Re... 0 0
2015-12-26 **ACTION ALERT** Democrats Pass House Resolu... 0 0
2015-12-26 Atheist Group Forces Wadena to Remove Nativi... 0 0
2015-12-21 The Truth About The Crusades 0 0
2015-12-03 God's Not Dead 2! 0 0
2015-11-02 God's Not Dead: Argument Scenes Be sure to w... 0 0
2015-09-08 Kim Davis Jailed Over Gay Marriage Licenses ... 0 0
2015-09-07 Kim Davis Files Appeal After Judge Holds Her... 0 0
2015-08-23 Tempe Planned Parenthood Protest 8 22 15 0 0
2015-08-11 Planned Parenthood's 3% Abortion Myth 0 0
2015-08-09 Houston City Government Wants To Bulldoze Bl... 0 0
2015-08-09 City of Houston Wants to Bulldoze 1 Black Ch... 0 0
2015-08-07 BEWARE: Planned Parenthood Is Even Worse Tha... 0 0
2015-08-04 Steps Your Church Can Take to Defund Planned... 0 0
2015-07-17 NAMBLA Takes Over Boy Scouts 0 0
2015-07-12 In John Roberts', Where Words Mean Nothing 0 0
2015-07-01 Sermon On Supreme Court "Gay Marriage" Rulin... 0 0
2015-07-01 Supreme Court Imposes Homosexual Marriage On... 0 0
2015-06-29 It Begins: New Calls To Strip Churches of Ta... 0 0
2015-06-25 Which Way, Evangelicals? There is Nowhere to... 0 0
2015-05-14 GoFundMe Now Discriminating Against Christia... 0 0
2015-04-27 Idaho city's ordinance tells pastors to marr... 0 0
2015-04-26 State Says Bakers Should Pay $135,000 for Re... 0 0
2015-04-18 My Father Was Gay. Why I Oppose Legalizing S... 0 0
2015-04-15 Pastor Who Asked Gay Bakery for Christian Ca... 0 0
2015-02-22 Nineveh Plain Protection Unit NPU (Christian... 0 0
2015-02-08 Refusal To Make Same-Sex Couple's Wedding Ca... 0 0
2015-01-23 Fountain Hills Church Joins Cultural Jihad 0 0
The Latest

The Latest (cont.)

If you would like to get the latest news from EVNN,
just send an email to
and say "Sign me up" and you will receive
our daily news digest at your inbox.

national debt


Catching the News that others let get away...
- Sitemap -