4 ms·
1. The higher the debt-to-GDP ratio, the less likely it becomes that the country will pay back its debt and the higher its risk of default. The most recent numb
by 29athrowaway 2y ago
1. The higher the debt-to-GDP ratio, the less likely it becomes that the country will pay back its debt and the higher its risk of default. The most recent number for the US is 123%. $28.83 trillion GDP vs $35.46 trillion debt.
2. They are "overlapping" categories. The money you give to the elderly is then spent by them in healthcare. So the true expenditures in healthcare are higher when you take this into consideration.
3. The pharmaceutical industry and insurance companies share a lot in common with organized crime. It is here where most of the money is leaked.
4. Because there is tax avoidance and tax evasion. Tax evasion is illegal, tax avoidance is not. If there's a way to achieve tax avoidance, someone will find it and use that approach.