Congratulations to the statists for setting fire to >50% of everything you borrow! You know this ends in a supercycle right?

1. United States

Budget Deficit: ~6% of GDP

GDP Growth Rate: ~2–3%

Observation: Deficit is about twice the GDP growth rate.

2. Canada

Budget Deficit: ~2–3% of GDP

GDP Growth Rate: ~1.5–2%

Observation: Deficit slightly higher than GDP growth rate.

3. United Kingdom

Budget Deficit: ~5% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit more than double the GDP growth rate.

4. Germany

Budget Deficit: ~3% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit higher than GDP growth rate but not double.

5. France

Budget Deficit: ~5% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit significantly higher than GDP growth rate.

6. Italy

Budget Deficit: ~5–6% of GDP

GDP Growth Rate: ~1%

Observation: Deficit much higher than GDP growth rate.

7. Japan

Budget Deficit: ~6–7% of GDP

GDP Growth Rate: ~1%

Observation: Deficit significantly higher than GDP growth rate.

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Summary:

Several G7 nations have budget deficits significantly higher than their GDP growth rates.

Countries like the United States, United Kingdom, France, Italy, and Japan exhibit deficits that are more than double their GDP growth rates.

Canada and Germany have deficits slightly higher than their GDP growth rates but not double.