The Whitehall Ledger - Serving Southern Jefferson County in the Great State of Montana

By Jim Buterbaugh
Whitehall Ledger Contributing Writer 

Let's Talk ... National Debt


January 20, 2021

For a few years I have watched our National Debt as it soared at a frightening rate, much like watching a teenager with a credit card. A basic description of our nation’s debt is what money our government has borrowed from sources, such as private investors, different federal agencies, and other nations. The ability to pay that back is a comparison of our gross domestic product (GDP) to debt ratio. Financial experts start to worry when a country’s debt reaches 77% of that country’s GDP. As they worry about that country’s ability to repay that debt, or at least make reasonable paymen...

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