Deficits as a % of GDP is utter nonsense. You are still debting and in the end you have to pay it back with interest. The longer you debt the more interest increases as a share of the budget. That means more tax money being deployed to support what you have already consumed vs leaving it in the hands of people to utilize as they see fit.
And, it doesn’t matter what the spending is for. Tax Revenues must > Total Spending.
People want to talk about how important it is to have a strong military, take care of our seniors’ health in the golden years and make good on the promises of social security.
Where is the god damned money going to come from to pay for all of this?
We're kind of stuck now because I'm not sure we can get together on say, how a $10 million debt during the Washington administration meant possible default while Reagan led the nation to prosperity with $5trillion in debt.
Been fun though, and thanks for the chat!