Size Debt News Today

Chairman of office of economic advisors a member of president obamas cabinet, professor austin. thank you for joining us. the debt is going up, is that because alternative is too painful. >> at the outset, i have to get you into be guest speaker in my class of course that a good intro. one thing to remember that as debt goes up, our gdp goes up. so, what we most want to do try to stabilize the ratio of debt to gdp, were not doing that. that ratio also been going up lately. but. you can have a to...

Chairman of office of economic advisors a member of president obamas cabinet, professor austin. thank you for joining us. the debt is going up, is that because alternative is too painful. >> at the outset, i have to get you into be guest speaker in my class of course that a good intro. one thing to remember that as debt goes up, our gdp goes up. so, what we most want to do try to stabilize the ratio of debt to gdp, were not doing that. that ratio also been going up lately. but. you can have a to...

Chairman of office of economic advisors a member of president obamas cabinet, professor austin. thank you for joining us. the debt is going up, is that because alternative is too painful. >> at the outset, i have to get you into be guest speaker in my class of course that a good intro. one thing to remember that as debt goes up, our gdp goes up. so, what we most want to do try to stabilize the ratio of debt to gdp, were not doing that. that ratio also been going up lately. but. you can have a to...

Studying. and i remember thinking when this came out, this 90% came out, when they said the tipping point was 90%, i remember thinking the home economic example is so contrary to that. i realized what they were saying in effect was that a household is capable of carrying much, much more debt than a government. because it is not at all unusual in this country for households to have debt double or triple or quadruple their annual inkk, and still be economically healthy. they can carry that size de...