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Deficit
Posted on 9/14/08 at 9:48 pm
Posted on 9/14/08 at 9:48 pm
I have a question for you finance guys out there.
The nation's economy grows a % each year, compared to the national debt, what is our debt to size of economy as a percentage, and does it grow or shrink each year?
The nation's economy grows a % each year, compared to the national debt, what is our debt to size of economy as a percentage, and does it grow or shrink each year?
1
Posted on 9/14/08 at 10:19 pm to Junky
Some years in the Bush Administration it has gone down, others it has gone up. It's at around 37% right now, I think, as compared to around 45% or so in 1995. The best places to look up stats for this are the White House OMB webpage and the Heritage Foundation's website.
Posted on 9/15/08 at 3:10 pm to Doc Fenton
Thanks, I was wondering, because I just put the two together about our economey and how it grows, compared to how fast the deficit grows. (guess that would have been an easier way to ask it) 
Posted on 9/15/08 at 3:12 pm to Junky
The more the Govt borrows from the Fed, the bigger the debt. The national debt is just the interest on the money borrowed from the Fed
Posted on 9/15/08 at 3:21 pm to tigerhomie504
At the risk of sounding simplistic, I think the 2nd chart on the right might be the answer to the original question. LINK ][LINK]
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