Total national debt is 27.8 Trillion. Annual GDP is 21.2 T National debt in 2009: 12 T. In 2019: 22 T. National debt is now 130% of GDP. It was 35% of GDP in 1980. Devastation of virus must be met, responsibly as w/ Cares Act, but we need a plan for the debt. soon. Unsustainable
— Hugh Hewitt (@hughhewitt) January 15, 2021
Saturday, January 16, 2021
Big Government Keynesianism Doesn't Seem to Ever Balance The Budget Over The Business Cycle
America has a government spending and national debt problem since 1957.