He points out that the interest bite is only half the level of 20 years ago despite a rise in the absolute size of the debt.
They all have generally favorable demographic profiles, lower absolute levels of national debt, manageable debt term structures, and many other positive economic and capital market factors.
His point was that policymakers should not be preoccupied with the absolute level of national debt, but instead with our ability to sustain whatever level of debt we have.
And we are heartened, as we have been in the past, by comments that have been made about the absolute necessity of raising the debt ceiling because we do not want another recession.
What we have said all along is that it sends the wrong signal and it would be a mistake to directly link, tie, or hold hostage one to the other because of the absolute necessity of raising the debt ceiling.
In fact there are many countries with worse debt burdens, both in absolute terms and relative to the size of the economy.
In order for the absolute necessity of dealing with our deficit and debt challenges, we need a bipartisan compromise.
Rather than give an absolute number for what constitutes a low-level debt, the Zweig strategy looks for debt that is below the average for the company's industry.
The most important priority for Italian policymakers is to maintain confidence in the country's huge stock of government debt, the largest in the eurozone in absolute terms and the second-largest as a share of GDP after Greece.
While issuance data shows borrowers placing far fewer long-dated corporate bonds (due in 10 years or more) in the first quarter than in recent quarters as absolute borrowing costs trend higher, the refinancing of short-term debt balances remains a common driver of debt issuance this year.
FORBES: Economy: Short-term Business Borrowing Hits Highest Level Since 2001
The solution is the absolute and complete economic collapse of the European Union, allowing Europe to rebuild, not just pile bad debt on top of bad debt.
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