4 ms·
You are just fear mongering. USA's debt to GDP ratio is not a problem for our economy or anything else and won't be for a very long time. The US economy is grow
by Sargos 9y ago
You are just fear mongering. USA's debt to GDP ratio is not a problem for our economy or anything else and won't be for a very long time. The US economy is growing fast enough that the debt-to-GDP has no effect on our stability as we could pay it off if we wanted to and do indeed have plans for this sort of thing. Also most of our debt is actually owned by US citizens which also helps make this a non issue. There's a reason nobody credible thinks the sky is falling. It's not.
Helpful article: https://www.thebalance.com/what-is-the-debt-to-gdp-ratio-1978993 https://www.thebalance.com/what-is-the-debt-to-gdp-ratio-197...
- rrggrr 9y agoDebt suppresses growth above 85% of GDP. At current levels it reduces net purchasing power. It depletes tangible foreign reserves. It causes legislative gridlock. It distorts the Federal Reserve's balance sheet. It also doesn't sit in isolation. The BLS statistics add another 200 or so percent for about 300% debt-to-GDP when you include household, state and muni debt. Unlike China, the US citizen lender argument isn't helpful. US debt holders are free to move their money into other assets. The only argument in favor of the current debt levels is that no other nation can float enough liquidity to compete with US debt. For that reason alone the sky isn't falling.