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The United States IS Going Broke - Printable Version

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The United States IS Going Broke - Contra Corner - 11-08-2018

The United States IS Going Broke

They put the danger zone at a debt-to-GDP ratio of 90%. Once it reaches 90%, they found, a turning point arrives…At that point, a dollar of debt yields less than a dollar of output. Debt becomes an actual drag on growth. Again the current U.S. debt-to-GDP ratio is 106%. We are deep into the red […]


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