U.S. Debt Levels Soar: $35 Trillion National Debt, Record Credit Card Debt at 21.6% Interest Rate, Debt-to-GDP Ratio at 132%

zerohedge@zerohedge

2 years ago

Goldman: We update our debt projections using our long-term forecasts for the average interest rate on government debt, nominal GDP growth, and the primary deficit outside of recessions. We now project that the current fiscal path would push the debt-to-GDP ratio to 130% by…

Carl Quintanilla@carlquintanilla

2 years ago

GOLDMAN: “.. our projections now imply that the current fiscal path would push the debt-to-GDP ratio to 130% by 2034 (vs. 97% in the same year under our 2019 projections) and real interest expense to 2.3% of GDP (vs. 1.5% in our 2019 projections) ..” 🇺🇸 https://t.co/NWZzuJN8kj

Mario Nawfal@MarioNawfal

2 years ago

🇺🇸 US National Debt Hits $34.7 trillion U.S. Debt to GDP ratio: 1960: 52.87% 1980: 34.58% 2000: 57.82% Now: 124.70% Source: Stats_Feed https://t.co/uj62ZziUJU