Someone framed debt to gdp ratio like this: if your debt is 150% of your GDP. It would take a year and a half to pay off your debt if all the national income (gdp) was allocated to payments.
No obviously this isn’t a realistic policy - but if we can have “war-time” economies as proven in the past it reasons that we can have an economy solely focused on the repayment of debt (idk, high taxes for a decade?). Am I tripping?
No obviously this isn’t a realistic policy - but if we can have “war-time” economies as proven in the past it reasons that we can have an economy solely focused on the repayment of debt (idk, high taxes for a decade?). Am I tripping?