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How much government debt is too much?
How much government debt is too much? Can the government accrue tens of trillions in future debt without negative consequences for people?
4 Answers
- How Would I KnowLv 58 years agoFavorite Answer
It varies based on inflation vs return rate on government bonds. Needless to say Obama's idiotic spending is well above the amount that makes any kind of rational sense.
- Jeff DLv 78 years ago
You know your debt is too high when your interest payments become a significant part of your budget. Currently, 8% of federal revenue goes to service the debt... and growing.
- Anonymous8 years ago
Depends on revenues.
- JohnLv 78 years ago
Keeps getting worse, it was too much when the debt tripled during Reagan from $0.9T to $2.6T.
