In past decades, "Debt to GDP" has been a tool used to gauge the financial health or stability of a government or any institution. With all these large spending bills that have been passed in this time of Covid and additional large spending bills in the winds of Congress, there has been ZERO conversation from financial analysts, the Federal Reserve, politicians, or political pundits, no one is talking about the U.S. government

In 2008 the Greek government went belly up after years of cutting checks to its citizens (similar to what the U.S. government is doing today), I guess to buy voter support. In Greece, there was riots and burning in the streets for months and today the country is still struggling. In 2008 the Greece government debt was 120% of its GDP.

According to website, in Dec. 2020 the U.S. government had a 129% debt to GDP. This data was unavailable on the Federal Reserve website; where are the flashing red lights and alarms? I was unable to find the current "debt to GDP."

140-150% of GDP? What will it be if these large spending bills get rammed thru Congress, 180-200% of GDP.

Citizens should beware. Something tells me this may not end well.



(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.