This is, or should be, worrisome for the United States government. If you look at government debt to GDP, the U.S. government was at (as of December 2018) debt levels of 106% to GDP. That’s worse than France, Spain, the U.K.–but better than Italy, Greece, and Japan, according to this list:
The traditional limit worth worrying about was 90% debt-to-GDP ratio. But few people seem to be worried today even though we skyrocketed past 100% back in 2012 or so. At least nobody in government seems to be worried yet. When borrowing costs increase, they will be.
What’s that saying? If something cannot go on forever, it will stop?
This is, or should be, worrisome for the United States government. If you look at government debt to GDP, the U.S. government was at (as of December 2018) debt levels of 106% to GDP. That’s worse than France, Spain, the U.K.–but better than Italy, Greece, and Japan, according to this list:
https://tradingeconomics.com/country-list/government-debt-to-gdp
The traditional limit worth worrying about was 90% debt-to-GDP ratio. But few people seem to be worried today even though we skyrocketed past 100% back in 2012 or so. At least nobody in government seems to be worried yet. When borrowing costs increase, they will be.
What’s that saying? If something cannot go on forever, it will stop?