3 results for 'gdp'
...rates in 2015 and 2016 will just propel the national debt higher.
Maybe the amount of national debt no longer matters because we’ve all concluded it simply can’t be paid back. Or maybe it doesn’t matter because Japan’s national debt is equal to 205% of its gross domestic product (GDP), and Japan’s not broke yet. (Our national debt-to-GDP stands at 105%.) I guess that, according to the Japanese example, the size of a country’s national debt, or its relationship to GDP, really doesn’t matter anymore.
I am skeptical. What happens when one day the Japanese and... (more)
...doesn’t have to be running optimally to keep the global economy chugging along. Though, it would be nice if the U.S. economy would gain sustainable traction. Until then, we will have to be content with it’s glacial pace of recovery.
And it is slow. In 2012, gross domestic product (GDP) growth was 2.8% and in 2013, it slowed to just 1.9%. Things are expected to get better over the next two years. U.S. GDP growth is forecast to hit 2.8% in 2014 and an even three percent in 2015.
The rest of the world will be playing catch-up. Well, save for the Chinese economy, which ... (more)
...the U.S. economy.
What happens next?
At present, the U.S. government is making payments on its old debt by simply borrowing more debt. Hands down, this is the biggest Ponzi scheme in play. But as I have written before in these pages, our national debt-to-gross domestic product (GDP) is only 105%. In Japan, the national debt-to-GDP is 205%. Hence, if we follow Japan’s example, our debt could double from here.
The U.S. government should hit its debt limit in October. And Congress will increase that debt limit as it always does.
Eventually, the only way to... (more)
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