Robert A Whit
06-10-2013, 05:53 PM
Former GOP Senator Judd Gregg to Moneynews: US Debt-to-GDP Ratio Is Exploding
Monday, 10 Jun 2013 07:04 AM
By Glenn J. Kalinoski and David Nelson
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The debt-to-GDP ratio in the U.S. is moving to dangerous levels seen in Europe, said former Republican Senator Judd Gregg.
"We know that once a country's cost is at 60 percent debt-to-GDP level they're in trouble," he told Newsmax TV in an exclusive interview.
"Historically our debt-to-GDP level is 35 percent up until three, four years ago. Then it's bounced," said the veteran politician, who also was governor of New Hampshire and a member of the U.S. House of Representatives,
Watch our exclusive video. Story continues below.
Read Latest Breaking News from Newsmax.com
http://www.moneynews.com/Economy/Judd-Gregg-Debt-GDP-Economy/2013/06/10/id/508927?s=al&promo_code=13C77-1#ixzz2VrAa1Icy
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Monday, 10 Jun 2013 07:04 AM
By Glenn J. Kalinoski and David Nelson
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The debt-to-GDP ratio in the U.S. is moving to dangerous levels seen in Europe, said former Republican Senator Judd Gregg.
"We know that once a country's cost is at 60 percent debt-to-GDP level they're in trouble," he told Newsmax TV in an exclusive interview.
"Historically our debt-to-GDP level is 35 percent up until three, four years ago. Then it's bounced," said the veteran politician, who also was governor of New Hampshire and a member of the U.S. House of Representatives,
Watch our exclusive video. Story continues below.
Read Latest Breaking News from Newsmax.com
http://www.moneynews.com/Economy/Judd-Gregg-Debt-GDP-Economy/2013/06/10/id/508927?s=al&promo_code=13C77-1#ixzz2VrAa1Icy
Urgent: Should Obamacare Be Repealed? Vote Here Now! (http://www.moneynews.com/surveys/ObamaPoliciesMN/Should-Congress-Repeal-Obama-s-Policies/id/44/kw/default?PROMO_CODE=10EFF-1%22target=%22_blank%22)
http://www.moneynews.com/Economy/Judd-Gregg-Debt-GDP-Economy/2013/06/10/id/508927?s=al&promo_code=13C77-1