[cyberax]

There is no "IMF definition of death spiral". Plenty of countries have higher ratio of debt to GDP.

[Calavar]

To put it into context, France, Italy, Spain, and the UK are all in the same general neighborhood in debt to GDP ratio. Japan's ratio is much worse.

[ProllyInfamous]

Where do Germany and Texas rank in all of this?

A decade ago their economies were similar size/scale...

I imagine immigration plays massive rolls in these economic projections (however local to larger Unions).