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"debt" here is government debt -- federal debt to be precise. "GDP" is just a measurement of economic activity. It is not a measurement of income. It is not g
by j16sdiz 6mo ago
"debt" here is government debt -- federal debt to be precise.
"GDP" is just a measurement of economic activity. It is not a measurement of income. It is not government income. It is not even government cash flow.
- lesuorac 6mo agoGiven that US largely taxes income and capital gains both of which are related to GDP it's a fine proxy.