4 ms·
It’s possible for the system to last hundreds of years or go really bad over a decade. Generally if debt is increasing but debt to GDP is decreasing then that’
by Retric 3y ago
It’s possible for the system to last hundreds of years or go really bad over a decade. Generally if debt is increasing but debt to GDP is decreasing then that’s no problem as the economy can out grow the debt. Much of US history falls under that umbrella.
Unfortunately, slowing GDP growth associated with a developed economy has pushed us into the red more often and for longer.