Defaulty Towers: How dangerous is the US Debt Ceiling?
Many Happy Returns
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What Is the Problem With National Debt?
As long as GDP, which generates income for the US through taxes, is growing more quickly than the debt, it's not a problem. But what would happen if you didn't, and debt is a percentage of GDP kept rising? When does it become a problem? So if Japan's national debt is over 200%, what are we looking for in the economy? What would actually happen? It becomes a problem if people stop buying your debt, if they lose faith in your ability to work as an economy and to service the coupons. There is a real danger, but who knows where it comes on this trajectory? I think for the US, it's a long way away. The US is
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