While not a good sign, obviously, debt to GDP is not a great metric.
GDP is fake and pumped via government spending.
A better indication might be deficit to federal tax revenue.
Current about 37%. Insane.
US & Europe's Scary Deficits
"US deficits are 6% now, and deficits in Europe are over 3.5%. Those are numbers higher than the Great Depression." - Tuur Demeester
Shared via https://pullthatupjamie.ai
While not a good sign, obviously, debt to GDP is not a great metric.
GDP is fake and pumped via government spending.
A better indication might be deficit to federal tax revenue.
Current about 37%. Insane.
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