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- The burden of unsupportable debt. US debt-to-GDP growing at a pace rivaling certain European nations -- The dramatic problems of peak debt in 2012.
2012-03-29 — mybudget360.com
The cost of the perceived financial stability has come at an extremely high cost. At the height of the recession government debt was growing by over 20% annually while GDP contracted by 5%. But even now that we are officially out of recession government debt is growing at an annual rate above 8% while GDP holds onto annual gains of 2%. In other words, debt is growing four times faster than our underlying economy
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