4 ms·

I remember the national being a huge issue in the 80s (and probably before). This send like important and scary reporting but I'm not sure how this time is diff

I remember the national being a huge issue in the 80s (and probably before). This send like important and scary reporting but I'm not sure how this time is different from all the other alarm bells over the past 40+ years. Is this a case of people calling wolf or is this a real crisis just decades in the making?

opportune 8y ago
This isn’t about national debt but global debt. The US national debt at present is not much of an issue because the dollar is strong and interest rates are still quite low. The risk is for less economically strong countries who are susceptible to changing foreign interest rates / exchange ratios.
- everdev 8y ago
  > no one is quite sure what happens when a global superpower like Japan reaches a debt-to-GDP ratio of 224 percent. The U.S., U.K. and France have all surpassed the 100 percent level It sounds like the author is nervous about the rise of US debt as well.