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If the country's GDP growth is greater than the annual deficit, total debt can decrease. Yes, but .... If the US is doing so well, why is the total debt incre
by simonblack 5y ago
If the country's GDP growth is greater than the annual deficit, total debt can decrease.
Yes, but .... If the US is doing so well, why is the total debt increasing by at least about one trillion dollars per year?
(Actually if my memory is correct (I'm too lazy to look, but you can do it if you want), in 2011 the debt was 13 trillion, now it's about 30 trillion, so that's an extra 17 trillion in 10 years therefore the debt is growing at 1.7 trillion per year.)