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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsProfessor of economics is no fan of PayGo rule
This expert sides with those House Democrats who are pushing against a "pay as you go" rule:
Link to tweet
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Professor of economics is no fan of PayGo rule (Original Post)
Yosemito
Jan 2019
OP
exboyfil
(18,348 posts)1. So what is the appropriate level of debt to GDP
100%, 150%, 200%?
Yosemito
(648 posts)2. What's the percentage now?
exboyfil
(18,348 posts)3. Around a 100 percent
It was around 30 percent when Ronnie came into office. Only Clinton has done anything about it.
https://fred.stlouisfed.org/series/GFDEGDQ188S
Yosemito
(648 posts)5. That's the debt. The budget deficit is what matters
Paygo is about the budget deficit.
exboyfil
(18,348 posts)6. Deficit becomes debt
That is what is important. All that debt has to be serviced.
PETRUS
(3,678 posts)4. That's not a meaningful question, and it doesn't have a fixed answer.
Also, per your comment in post #3, the debt reduction during the Clinton years is just one piece of a bigger story - a story that didn't have a happy ending, by the way.