OT: Debt to GDP Ratio Improving

[scotchtiger]

For those concerned about the national debt like I am, the ratio of debt to GDP is already improving under new leadership. We now know that Trump's policies drive increased economic performance, so just imagine if we can pair that with some spending reform.

After two unsuccessful presidents (Bush increased this ratio 13% from 55% to 68%, Obama increased it a whopping 37% from 68% to 105%), it's really exciting to see things trending in a positive direction.

What is the 'Debt-To-GDP Ratio'
The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt-to-GDP ratio indicates the country's ability to pay back its debt. Often expressed as a percentage, the ratio can be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment.

 

[Earle36]

I think he’ll go down as the best economic POTUS in our history. Even better than Reagan. If this keeps up, I may be able to travel the world one day. The stock market is up 44% and plenty of manufacturing and high tech jobs are coming back.

 

[rdavis4898]

Thanks, Obama

 

[1Clemson]

For those concerned about the national debt like I am, the ratio of debt to GDP is already improving under new leadership. We now know that Trump's policies drive increased economic performance, so just imagine if we can pair that with some spending reform.

After two unsuccessful presidents (Bush increased this ratio 13% from 55% to 68%, Obama increased it a whopping 37% from 68% to 105%), it's really exciting to see things trending in a positive direction.

What is the 'Debt-To-GDP Ratio'
The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt-to-GDP ratio indicates the country's ability to pay back its debt. Often expressed as a percentage, the ratio can be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment.

Just wait for the inevitable rising interest rates to make our existing debt cost skyrocket. Low interest rates have given us a false sense of financial security.

Interest rates will rise and that’s not bad if you are a saver, but for borrowers it it will significantly increase the debt servicing/interest costs on all outstanding debt in the US, both for the US Treasury and for any consumer holding variable debt (credit cards, HELOC, etc).

 

[vatiger1]

Left and Dems will somehow refute and say its fakenews.

Jay Z for Prez.

 

[ChucktownK]

I would just love to see the 20T number drop.

 

[clemsonfn8]

Left and Dems will somehow refute and say its fakenews.

Jay Z for Prez.

Agree. We will see their starlet in Kennedy give the Rebuttal to The State of the Union address. IMO they are going to start pouring into him as the next candidate. 37 and a Kennedy. Has more appeal than their recent candidates.

 

[tigerrecon]

Two constitution amendments would make me fell better about it:

1. Term limits for congress. (Right now I'm good with the Court)
2. BALANCED BUDGET AMENDMENT

 

[OwnThisState]

Thanks, Obama

Lol!!!!!!!

Oh..... serious?

 

[OwnThisState]

2008-16 were Bush's fault and now 2017 is Obummer's credit.

Ello L.

 

[gregorycarlisle]

For those concerned about the national debt like I am, the ratio of debt to GDP is already improving under new leadership. We now know that Trump's policies drive increased economic performance, so just imagine if we can pair that with some spending reform.

After two unsuccessful presidents (Bush increased this ratio 13% from 55% to 68%, Obama increased it a whopping 37% from 68% to 105%), it's really exciting to see things trending in a positive direction.

What is the 'Debt-To-GDP Ratio'
The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt-to-GDP ratio indicates the country's ability to pay back its debt. Often expressed as a percentage, the ratio can be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment.

This does not include debt from the FED if I not mistaken......you can and about 4.5T to (N)Obama's totals.

 

[Tiger1425]

Well, what I see from the graphics is an astounding increase from 2008-2016. And then a drop from 2016 to 2017. Am I reading it right? Is so, Obama should get some credit.

 

[1Clemson]

Two constitution amendments would make me fell better about it:

1. Term limits for congress. (Right now I'm good with the Court)
2. BALANCED BUDGET AMENDMENT

Still strikes me as insane that supposedly intelligent people voted for tax reform without first handling expense reduction.

Homeowners perspective “we can’t pay our bills on our present income, so let’s keep spending and I will talk to my boss about cutting my hourly wage by 10% so that maybe one day he will give me the chance to work some OT and make up for the loss of income”.

I don’t like taxes or want to pay them, but would have preferred to get a handle on spending first.

 

[Ron Munson]

Hard to argue with facts.

 

[Ron Munson]

Agree. We will see their starlet in Kennedy give the Rebuttal to The State of the Union address. IMO they are going to start pouring into him as the next candidate. 37 and a Kennedy. Has more appeal than their recent candidates.

They still have nothing to run on other than identity politics.

 

[yemassee]

Still strikes me as insane that supposedly intelligent people voted for tax reform without first handling expense reduction.

Homeowners perspective “we can’t pay our bills on our present income, so let’s keep spending and I will talk to my boss about cutting my hourly wage by 10% so that maybe one day he will give me the chance to work some OT and make up for the loss of income”.

I don’t like taxes or want to pay them, but would have preferred to get a handle on spending first.

Would you rather have 30% of $100 or 20% of $200? Plus, if everyone is working and making money, then not only does the government get more tax $, but they also do not have to pay as much to the un-employed. I agree that spending is a problem, but the politicians have shown they will never touch the big ticket items of social security and medicare.

 

[blythewood tigers]

For those concerned about the national debt like I am, the ratio of debt to GDP is already improving under new leadership. We now know that Trump's policies drive increased economic performance, so just imagine if we can pair that with some spending reform.

After two unsuccessful presidents (Bush increased this ratio 13% from 55% to 68%, Obama increased it a whopping 37% from 68% to 105%), it's really exciting to see things trending in a positive direction.

What is the 'Debt-To-GDP Ratio'
The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt-to-GDP ratio indicates the country's ability to pay back its debt. Often expressed as a percentage, the ratio can be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment.

C’mon Scotch, I didn’t think you could be fooled so easy(?). Very surprised you posted a chart like this when the “debt”, demonstrated in red, isn’t even in the same universe when calculating real debt, you know, the real credit creation and IOU’s that suddenly appear from nowhere.

BS chart for people who like to believe in BS.

 

[andcam]

For those concerned about the national debt like I am, the ratio of debt to GDP is already improving under new leadership. We now know that Trump's policies drive increased economic performance, so just imagine if we can pair that with some spending reform.

After two unsuccessful presidents (Bush increased this ratio 13% from 55% to 68%, Obama increased it a whopping 37% from 68% to 105%), it's really exciting to see things trending in a positive direction.





What is the 'Debt-To-GDP Ratio'
The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt-to-GDP ratio indicates the country's ability to pay back its debt. Often expressed as a percentage, the ratio can be interpreted as the number of years needed to pay back debt if GDP is dedicated entirely to debt repayment.

Gonna be interesting to see how things play out with the new tax law that is expected to increase the national indebtedness. Sure, GDP could explode and not make it be such a huge deal, but as of now the indebtedness will likely go up. I do think the new reliance on the GDP to Debt ratio stat that the right is pushing is a little disingenuous as underneath the previous admin all you heard was that THE DEBT IS NOW 18 Trillion or whatever the number. For me personally I care more about that total debt number and find it hard to fathom and find it harder to fathom that the right went against their principles and adopted a tax plan that, on paper, increases the debt. I am just a fiscal conservative I suppose and those are not really in style these days.

 

[andcam]

They still have nothing to run on other than identity politics.

Doesn't the right do identity politics too? I mean, wasn't Trump's core message to keep out the Mexicans with the wall? The Dems do use identity politics and there is no doubt about it, but the right digs deep in that well too.

 

[andcam]

Two constitution amendments would make me fell better about it:

1. Term limits for congress. (Right now I'm good with the Court)
2. BALANCED BUDGET AMENDMENT

I think term limits would be AN AWESOME IDEA. Unfortunately that stupid supreme court ruling that allowed unlimited $$ in politics also made getting rid of an incumbent that much harder.

 

[OldMTPTiger]

The Jay Z interview was fascinating to me. The "not about money" line was comical hypocrisy coming from a guy who had made millions rapping about having millions.

That being said, he basically admitted that black Americans are doing better under Trump but that somehow doesnt count because Trump is an ass.

Solid logic.

 

[blythewood tigers]

Just wait for the inevitable rising interest rates to make our existing debt cost skyrocket. Low interest rates have given us a false sense of financial security.

Interest rates will rise and that’s not bad if you are a saver, but for borrowers it it will significantly increase the debt servicing/interest costs on all outstanding debt in the US, both for the US Treasury and for any consumer holding variable debt (credit cards, HELOC, etc).

It only took a few percent to put us into the last financial “crisis”, I am guessing with all the bubbles in magnitude so much larger this time around, we don’t have much more to go before the fed starts easing again. Also, this time the government won’t be the only one struggling on interest payments, corporations and even individuals will buckle as well.

 

[blythewood tigers]

Gonna be interesting to see how things play out with the new tax law that is expected to increase the national indebtedness. Sure, GDP could explode and not make it be such a huge deal, but as of now the indebtedness will likely go up. I do think the new reliance on the GDP to Debt ratio stat that the right is pushing is a little disingenuous as underneath the previous admin all you heard was that THE DEBT IS NOW 18 Trillion or whatever the number. For me personally I care more about that total debt number and find it hard to fathom and find it harder to fathom that the right went against their principles and adopted a tax plan that, on paper, increases the debt. I am just a fiscal conservative I suppose and those are not really in style these days.

It is more than disingenuous, it is a false narrative. To make the statement that the government has an “income” (GDP) based on production is 100% false. The only revenue (not income) a government can ever get is from confiscation, otherwise known as taxation. Compare that to real debt (not only the little public debt in the graph) and the comparison is pathetic or basically a ticking financial time bomb.

 

[Earle36]

The Jay Z interview was fascinating to me. The "not about money" line was comical hypocrisy coming from a guy who had made millions rapping about having millions.

That being said, he basically admitted that black Americans are doing better under Trump but that somehow doesnt count because Trump is an ass.

Solid logic.

He’s a phony, like his wife.

 

[gcsoccer16]

That's awesome. Just collecting my bread crumbs.