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Defaulty Towers: How dangerous is the US Debt Ceiling?
Many Happy Returns
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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