Wednesday, October 28th, 2009
What will the bailout do to our debt ratio?
Bigsky_52 asked:
Simply putting a number ($700 billion) to projected additional debt isn’t enough to determine if taking on that debt is good, bad, monumentally beneficial, or monumentally stupid. I’m wondering if anybody knows what the bailout is projected to do to our debt ratio as a percentage of GDP. And if anybody can correlate debt ratios to economic growth that would be fabulous. We’ve always kept our debt contained by growing our economy even faster than the debt. Over the past 5 years I wonder if that’s still true. Can anybody point me towards some hard numbers or non-partisan analysis?
Simply putting a number ($700 billion) to projected additional debt isn’t enough to determine if taking on that debt is good, bad, monumentally beneficial, or monumentally stupid. I’m wondering if anybody knows what the bailout is projected to do to our debt ratio as a percentage of GDP. And if anybody can correlate debt ratios to economic growth that would be fabulous. We’ve always kept our debt contained by growing our economy even faster than the debt. Over the past 5 years I wonder if that’s still true. Can anybody point me towards some hard numbers or non-partisan analysis?
October 30th, 2009 at 5:19 am
Well, they are already talking about having to raise the debt limit about a trillion dollars. That is about the 6th time during the Bush Admin the debt ceiling had to be raised. Never during the balanced budget Clinton years.
Makes you long for the ’90s, doesn’t it.