Our Amazing Debt

[donttread]

Actually most European nations are currently doing a better job of controlling their debt than the US is. Our debt to GDP ratio is higher than most.

With the radical direction our congress is heading it's going to get worse and we all will eventually lose any wealth we have accumulated over our working life.

But no body is willing to pay more taxes or give up loopholes.The scalpel has failed . Across the board federal cuts are the only answer. Or at least part of the only answer.

[donttread]

Actually most European nations are currently doing a better job of controlling their debt than the US is. Our debt to GDP ratio is higher than most.

With the radical direction our congress is heading it's going to get worse and we all will eventually lose any wealth we have accumulated over our working life.

OK, thanks. .Why do we use that ratio. it's government debt I believe it should be compared to government revenue. Having said that it looks like Belgium's artio using that stat is close to ours and lowered since 2014. Both being relatively close to equal with a ratio of 103-107 %

[Docthehun]

The Tax Cut helped immensely!

https://www.yahoo.com/finance/news/a...180337770.html

[The Xl]

The nations debt literally cannot be paid off. And there is literally zero reason for a nation to have debt to private bankers. The system is a complete fraud.

[Peter1469]

The Tax Cut helped immensely!

https://www.yahoo.com/finance/news/a...180337770.html

The tax cut brought in record revenues.

Think spending. Then you will not be wrong.