4 ms·
Economic growth is the only plan to deal with the debt. If your debt financing costs you 1% of GDP/year but your GDP grows at 3%/year eventually the debt will b
by nerfhammer 13y ago
Economic growth is the only plan to deal with the debt. If your debt financing costs you 1% of GDP/year but your GDP grows at 3%/year eventually the debt will become insignificant vs. GDP even if it is never paid off.