Unfortutely, our phony GDP which is made up of 70% consumption is going to evaporate. The debt is set to take off upward. The numbers will continue to go in the opposite (wrong) directions.
Debt To GDP, Or "What Really Matters"
The argument you hear against our debt levels being a problem is that they are only a small portion of our GDP; That we will "grow" our way out of the problem.
Unfortutely, our phony GDP which is made up of 70% consumption is going to evaporate. The debt is set to take off upward. The numbers will continue to go in the opposite (wrong) directions.
Unfortutely, our phony GDP which is made up of 70% consumption is going to evaporate. The debt is set to take off upward. The numbers will continue to go in the opposite (wrong) directions.
