05-31-2016, 11:51 AM
Over the course of President Obama's administration, the gap between what our government spends and what it's bringing in has been significantly reduced - that's a fact, not a perspective. For me, it's a good thing. However, during Obama's administration, the amount of debt and spending significantly increased - that's also a fact, not a perspective. For me, that's a bad thing.
What constitutes a 'healthy' level of national debt, whether the debt or the deficit is a more important economic indicator, whether one should evaluate a nation's financial health by comparing debt to GDP or debt to only tax revenue...are questions that often elicit different answers from top macro economists.
I have very little personal debt and no business debt because I don't like to borrow and owe. Adjusting and living/operating within my current means is preferable, to me. But, I know people like Donald Trump consider a lot of borrowing and owing to be essential in order to accomplish their personal and business goals. Different styles and ideologies.
What constitutes a 'healthy' level of national debt, whether the debt or the deficit is a more important economic indicator, whether one should evaluate a nation's financial health by comparing debt to GDP or debt to only tax revenue...are questions that often elicit different answers from top macro economists.
I have very little personal debt and no business debt because I don't like to borrow and owe. Adjusting and living/operating within my current means is preferable, to me. But, I know people like Donald Trump consider a lot of borrowing and owing to be essential in order to accomplish their personal and business goals. Different styles and ideologies.