Quote:
Originally Posted by FlyingScot
I wish you'd look at the numbers you directed the rest of us to check. In 2016, the year before the tax cut, the deficit was 3.1% of GDP. In 2017 we went to 3.4%. In 2018, 3.8%. In 2019, 4.6%. We were expected to be 4.8% before COVID-19 hit. So basically our ratio climb 55% (4.8/3.1) pre COVID-19.
I used annual deficit instead of total debt because it's the current budget that we have responsibility for, but the total debt to GDP numbers show exactly the same thing.
|
Thanks for that info. Probalbly clsoer to accurate than my guesstimate. From my perspective, I am so much better off this year than I was in 2015, facts are hard to accept.
Apologies, but political statement follows: I'm supporting the party who will leave me alone.