Why The National Debt Situation Is Much Worse Than It Looks
Although national debt alone as a percentage of GDP may not look particularly alarming today, unfunded liabilities have vastly grown over the years, and the trend in both the UK and the US has been relentlessly upwards particularly since the beginning of this century.
by Chauncey Tinker, 31 May 2022
The True Scale Of National Debt - UK
The problem that is often overlooked is that while the debt-to-GDP ratio may not look all that bad right now, those unfunded liabilities just seem to keep on growing, as successive governments make promises to the voters that then have to be met by future governments.
by Chauncey Tinker, 18 Apr 2022