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IPFS News Link • Economy - Economics USA

U.S. Debt Approaches the Reinhart-Rogoff Line

06-05-2010 • EconomicPolicyJournal.com

By the time, a country has debt equal to 90% of annual economic output, you know the impact is going to start to really hurt. Prior to crossing the Reinhart-Rogoff Line, government debt will still be suffocating to the economy but it may come in the form of projects not started and minor inconveniences, when you cross the Reinhart-Rogoff Line the debt, at some point, is going to start having a very noticeable impact on the standard of living.

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Reported By Jack Gregson

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