| 1 | Now they all have current-account surpluses and much less foreign debt. | |
| 2 | If that happens, the burden of repaying the foreign debt then becomes crippling. | |
| 3 | This story of the island is a close system whereby there is no other country and hence no foreign debt. | |
| 4 | With debts of only 18% of GDP, the government has plenty more room to boost spending. | |
| 5 | The saving grace of America' s situation is that our foreign debts are in our own currency. |
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