Low Rates Encourage National Debt

Like refinancing and spending even more

Advertisements

Ted Cruz has recently made mention of the national debt being a concern for Republican politicians despite recently helping to add trillions of dollars to it.

A dude has his beard cut to the same length as his hair. | “Crypto Currencies’ Red Sea” by Jim Makos is licensed under CC BY-ND 2.0

Recent pandemic relief has pushed the debt over 27 trillion dollars, an amount which raises concerns of some people.

In 2016, while campaigning, Trump said he would eliminate the debt within 8 years.

Almost all countries in the have a debt to GDP ratio under 1, where the US is not above 1. Traditionally, being above 1 is seen as dangerous, but people are saying that it’s ok in our situation.

Listen to this guy talk about the debt in 2012 when it was around only 16 trillion.

Sweden has a debt to GDP of about 0.35

By Michael Carver
October 27, 2020 7:43 PM

Advertisements
Advertisements
Advertisements

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s