12-03-2004, 12:30 AM
The following link gives some comparisons between the US and other OECD countries in terms of Central Government Debt
http://cs4hq.oecd.org/oecd/eng/TableViewer...ReportOnly=True
On the issue of flexibility I would have thought that the decision to take on more debt would be the standard profit analysis, will this X amount of debt be used towards something with a rate of return higher than the interest rate on the debt? Toomuch debt would not only hamper flexibility, but result in higher average cost, but the flipside is that too low a debt means profitable opportunities may be going missing. Of course, it is all just poking fingers in pies, since I guess many programs are not weighed up by governments on profit basis, but on political ones.