4 ms·
Also, perhaps it should adjust for population growth.
by jibiki 18y ago
Also, perhaps it should adjust for population growth.
- colins_pride 18y agoOr nominal GDP .. how many years worth of aggregate economic production is the debt? And don't forget Social Security, Medicaire, gov't pension liabilities, etc - they are important parts of the numerator ..
- Dauntless 18y agoAnd it would have been more useful to show it as percentage of GDP.
- Herring 18y agoSome graphs here http://en.wikipedia.org/wiki/United_States_public_debt http://en.wikipedia.org/wiki/United_States_public_debt Plotting as a percentage of GDP can also be misleading, eg US military spending is 4% of GDP but 30% of tax revenue according to wikipedia. They also discuss debt expenditures getting too high on that page.
- colins_pride 18y agoThose military spending statistics suggest that tax revenue is 12% of GDP, which my libertarian heart only wishes were the case