3min chapter

The Remnant with Jonah Goldberg cover image

The Bahnsen Conspiracy

The Remnant with Jonah Goldberg

CHAPTER

The Debt to GDP Ratio Is the Real Issue

The debt to GDP ratio is the real issue. The absolute dollar amount can sound kind of horrifying. But this is where the Japanification thing comes in. A household growth spending as much as they want, if income is still growing the same or more. That's what our government ran into about 15 years ago.

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