Is the debt really that big of a deal? The US debt to gdp ratio is 123%, China 83% and Japan a whopping 225%... Do you think Japan isn't good for it? Us, China? Ok, so maybe we should slow down accumulating debt... just led it ride a bit. We'd have to raise some taxes, cut something maybe, let inflation work it's magic, print money. And then what? What's actually better?
Is the debt really that big of a deal? The US debt to gdp ratio is 123%, China 83% and Japan a whopping 225%... Do you think Japan isn't good for it? Us, China? Ok, so maybe we should slow down accumulating debt... just led it ride a bit. We'd have to raise some taxes, cut something maybe, let inflation work it's magic, print money. And then what? What's actually better?
to me its more about the rate of adding more debt... maybe a simple of goal of 'let's stick to the gdp growth" for 5 yrs. or something like that ... just as a start.
Is the debt really that big of a deal? The US debt to gdp ratio is 123%, China 83% and Japan a whopping 225%... Do you think Japan isn't good for it? Us, China? Ok, so maybe we should slow down accumulating debt... just led it ride a bit. We'd have to raise some taxes, cut something maybe, let inflation work it's magic, print money. And then what? What's actually better?
Guess who owns most of this debt? Americans.
to me its more about the rate of adding more debt... maybe a simple of goal of 'let's stick to the gdp growth" for 5 yrs. or something like that ... just as a start.