If the U.S.-debt-to-GDP ratio were 100% and if the interest rate on the debt were 5% (not
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If the U.S.-debt-to-GDP ratio were 100% and if the interest rate on the debt were 5% (not far from the truth at present), then what fraction of U.S. GDP would go toward paying interest on the debt? (Note: After World War II, U.S. debt was greater than 100% of GDP.) mk6
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