Like refinancing and spending even more
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.
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