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Religion & Law

: Constitutionally Correct

United States Dangerously Close to Debt/GDP Ratio Threshold

By ADF Alliance Alert

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NCPA Policy Digest: "There is evidence that once a government lets its debt/gross domestic product (GDP) ratio rise more than 90 percent, the economy begins to seriously weaken and government spending starts to spiral out of control as the interest payments on the debt grow faster than the economy. The United States will probably hit the 90 percent threshold within a year . . . "

Full post as published by Constitutionally Correct on February 18, 2011 (boomark / email).

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