Gross debt in excess of 90 percent of GDP has typically been associated with mean growth of 1.7 percent versus 3.7 percent growth when debt is low, under 30 percent.
Jeff Sessions: “Gross debt in excess of 90 percent of GDP has typically been associated with mean growth of 1.7 percent versus 3.7…”
On the recordMay 18, 2015
Source
congress.govEditor's note · Context
Sessions highlights research showing the negative impact of high debt on economic growth.
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