Question 1: According to the Pew Research site (link above), the Publicly-Held U.S. Debt as a percentage of U.S. GDP is estimated to equal ____%. Do you think this is still a rather manageable number? How would this now compare to other nations’ debt-to-GDP ratio? (see https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html and determine where the US would rank if you update the figure from 2017 to 2019 (swap the CIA figure to the Pew figure). Consider the fact that the aging baby-boomer population (along with relatively smaller groups of young workers) means, unless changed, the Social Security and Medicare systems will go from the current governmental trust fund surpluses into deficit; ceteris paribus, this could lead to significantly larger debt burdens unless spending cuts or tax hikes are enacted.
Don't use plagiarized sources. Get Your Custom Essay on
How would this now compare to other nations’ debt-to-GDP ratio?