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Old 15th Mar 2011, 08:40
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Madbob
 
Join Date: Dec 2006
Location: Bury St. Edmunds
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Typrated

From your figures NZ defence budget is 1.625% of their GDP.

UK defence budget is 1.975% of our GDP.

UK's INTEREST ONLY on our national debt is 2.498% of our GDP.

When interest rates (now at an historic low) go up the debt burden will increase significantly. We really are flying in "coffin corner".......

MB
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