US Debt-to-GDP Debate
Comments discuss the United States' national debt levels, debt-to-GDP ratios, their sustainability, historical contexts like WW2, and comparisons via sites like usdebtclock.org.
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As a reference, USA's total debt to GDP is 852%: https://en.m.wikipedia.org/wiki/Financial_position_of_the_Un...
Debt to GDP is the more interesting number.In the last 5-years, the US has more debt than GDP.The last time we experienced this was during WW2.https://en.m.wikipedia.org/wiki/File:US_Federal_Debt_Held_By...<a href="https://tradingeconomics.com/country-list/government-debt-to-gdp" rel="nofollow noref
By what measure is the USA's 764%? What are you counting as "debt" in that calculation?
You are just fear mongering. USA's debt to GDP ratio is not a problem for our economy or anything else and won't be for a very long time. The US economy is growing fast enough that the debt-to-GDP has no effect on our stability as we could pay it off if we wanted to and do indeed have plans for this sort of thing. Also most of our debt is actually owned by US citizens which also helps make this a non issue. There's a reason nobody credible thinks the sky is falling. It's not.
The debt to GDP ratio keeps rising: http://www.tradingeconomics.com/united-states/government-deb...The day of reckoning is coming.
Not according to this website: https://www.usdebtclock.org/
You’re not comparing equivalent quantities. GDP is an annual figure (Gross Domestic Product), and you are comparing it to total outstanding debts that are paid off over decades.Total asset value of the US economy is about $270T with about $150T in outstanding debt. So the relative proportions are not as extreme as you’re representing.
Reality has a way of asserting itself.https://www.usdebtclock.org/
For context, the US has ~$145T outstanding public and private debt.https://en.wikipedia.org/wiki/Financial_position_of_the_Unit...
Not bad http://www.usdebtclock.org/world-debt-clock.html