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No Stupid Questions@lemmy.worldEnglish · 4 months ago

Why is goverment debt not calculated as a % of tax revenues instead of GDP?

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Why is goverment debt not calculated as a % of tax revenues instead of GDP?

fididosooe@lemmy.ca to

No Stupid Questions@lemmy.worldEnglish · 4 months ago

You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?

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Venator@lemmy.nz
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4 months ago
The zeitgeist isn’t something that something can be in service to, it is the resulting cultural mood from other things that are being served.

I think you mean it serves the status quo.

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