39.9 National Debt in relation to GDP in POLAND?

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I live in Poland, during the last election voted for parties Kukiz'15, because I'm sick of politicians living on tax money being indebted Poland as if tomorrow would not come, not to mention the 6% budget deficit, wondering whether any country is omitting of course Greece, more indebted than Poland.

Poland has over 700 billion Polish Zlotys in debt with is 175 billion of USD!! !
It's mind-blowing so much money.

Your National Debt as a percentage of GDP is not very high by today's standards at 40%. UK Government Debt is at around 80% as a comparison.

A BUDGET DEFICIT of 6% is too high though, and suggests the overall total Polish debt figure (the 40%) will get worse is the trend is maintained.

What do you think should be done to reduce the Polish deficit, Pawelk?

One consequence is that debt countries make sacrifices to keep the debt gaming going.

1. China is being allowed to buy up American and European companies, and prized land, because they have all that debt sent from Western countries.

"china wants to buy Europe"
http://www.bloombergview.com/articles/2 ... buy-europe

Chinese investments in U.S. businesses are accelerating
http://www.latimes.com/business/la-fi-c ... story.html

2. America and some European countries sell citizenship to rich people.

http://usnews.nbcnews.com/_news/2013/04 ... itizenship
http://www.thenational.ae/business/pers ... ble-to-you

3. Lender nations gain leverage, so political favors are granted behind the scenes.

My Chinese friend told me that China can put pressure on the US to shut-up about any perceived China-Taiwanese conflicts. (Don't upset your lender).

We see people make this accusation when accusing the US of looking the other way about Chinese abuses of workers, yet, the US names China the "most favored trading nation".

Acc. to this site http://www.nationaldebtclocks.org/debtclock/poland it is 860.9 billion Zlotys or 216.9 billion USD equaling 45.11% Debt to GDP ratio.

Though that is insane, it is mild as DeepHour correctly indicated.

Most countries are higher.

The major world economies will crash again like the 2008 GFC, only this time will be orders of magnitude worse. When the banks are damaged again, the gov'ts will confiscate the bank deposits of the citizens and give it all to the banks. This is already signed into law, it is called a 'bail-in'. The gov'ts will also confiscate public and private pensions as they have done in the past. Retired people will be left destitute. Gov't social programs will be cut to the breaking point.

Something to look forward to, hey? (sarc/)

It's funny, this topic affects everyone, yet the majority don't know or care about the issue at all.

I wonder who earns on debt of countries?

The banks which lent them the money earn interest on those loans.