We frequently would not look at the hard facts on debt. In facing the numbers, we see a so different picture! And above all I have to repeat that% of GDP for measuring sovereign debt and fiscal budget balance is a lie. Instead we should measure them as % of governments revenues... And the picture changes, as our mind about fiscal policy...
http://s.wsj.net/public/resources/documents/st_heatmap022010_20100223.html