In the case of USA government, the debt is fueled by

annual deficit-to-GDP ratios in excess of 10% and a total gross debt-to-GDP

ratio of over 130%. 98% of the time, when a country’s gross debt-to-GDP

ratio is over 130%, it’s like a fiscal dead-man switch. All

that’s missing now is another pandemic, a war, or a deep recession to send the

government’s finances past the point of no return (if they aren’t there already).

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