Thursday, September 15, 2011
National debt Jan 2010 - Sept 2011
Some people will say that the nominal debt is not important. They will argue that it is the debt to GDP ratio that is important. If we were to compute debt to GDP ratio it would also be increasing. The U.S. economy hasn't grown that much this decade. It is better to consider the nominal debt when considering inflation that eats away at the savings of so many people.