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CuCabeludo on 13 November 2019
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KungKras said:
CuCabeludo said:

US debt will keep growing and growing regardless of who is in charge. Decreasing debt means cutting government spending, and no politician wants to do it because it means losing popularity/voters.

US is destined to have its debt doubled every 8-10 years until it eventually kills the country within.

Debt is not a problem as long as the economy grows faster than the debt.

Debt has been increasing faster than the economy for quite some time. This is the reason the Debt/GDP ratio is growing rather than keeping the same value.