We've spent the last 8 years hovering around the 1:1 line wrt Debt to GDP
ratio. With the stimulus enacted last month, we jumped to about 110%. That's not good. Typically, when a country's debt surpasses its GDP, it's not far from complete economic collapse. This just isn't sustainable. I've been on the "it's the spending, stupid!" side of the argument for going on 30 years now. This country has got to get a handle on its runaway spending habits in a real hurry.
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In response to this post by Coach McGuirk)
Posted: 05/21/2020 at 5:11PM