Debt above 90% is a drag on growth View another article
Total US debt is 88% (when you factor in 70% Federal debt and 18% state debt). As the article shows, debt over 90% means an average LOSS of GDP of 1%. So as we spend more, our economy suffers, which lends the temptation to further spending, and more of a loss of GDP.
Topic How this article applies
Deficit (10)
Economy (9)
Obama (9)
Republicans (10)
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