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What matters is the ratio between GDP and the cost to service the debt. There comes a point (above about 35%, I think) where government services will have to b
by gills 18y ago
What matters is the ratio between GDP and the cost to service the debt. There comes a point (above about 35%, I think) where government services will have to be cut to continue servicing the debt.
edit: excuse me, 35% of gov budget. Just like a household.