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To: teeman8r

It’s also important to take GDP growth into account as debt to GDP ratio is looked at as a very important number.

But then, Japan is at 230 percent and still afloat.


9 posted on 08/28/2019 12:51:42 PM PDT by dp0622 (Bad, bad company PeoTill the day I die.)
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To: dp0622
"It’s also important to take GDP growth into account as debt to GDP ratio is looked at as a very important number."

I hate using GDP as a reliable metric. About 1/3 of GDP is government spending.

That'd be like me saying, "My spending on my hot rods and boats ain't so bad relative to how much I put on credit."

46 posted on 08/28/2019 1:13:50 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: dp0622
It’s also important to take GDP growth into account ...

Or maybe not. The U.S. economy has improved in recent years but our GDP is growing at an anemic 2%-3% annual rate. However, the most recent GDP figures indicated that the single biggest line item among all the industry sectors has been a ridiculous growth rate in excess of 15% in the "Government, Non-Defense" sector.

In other words ... without massive piles of government spending, our GDP would probably be shrinking.

77 posted on 08/28/2019 2:53:45 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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