"They assume GDP will pick up and take care of any future debt issues."
This sentence goes to show just how ignorant some people (mostly Keynesian proponents) are of financial processes. It is a hilarious statement to say GDP can cover any amount of our debt.
National debt has now surpassed the reported GDP. The reported GDP does not take inflation into account and also does not account for loans which add to the gdp but also add to the debt. This is why even when GDP rises and the economy is supposed to be doing well, it is not reflected as such.
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