The Economist (May 18)
2019/ 05/ 19 by jd in Global News
“America’s net public debt is high, if not yet huge” and unless something changes “public debt will rise to 92% of GDP in 2029… and go on rising for decades.” This may not matter so much. “Though debt has grown as a share of GDP, interest payments are near their historical average” and “lower than the nominal growth rate of the economy…. In such circumstances a debt will shrink as a share of GDP over time. If the economy grows faster than interest builds up, the government could run a small deficit forever.”
Tags: Deficit, Economy, GDP, Government, Growth rate, Interest, Public debt, U.S.
