My calculus tells me that me that this year we will hit gross debt to GDP of just over 90 percent.
Kent Conrad: “My calculus tells me that me that this year we will hit gross debt to GDP of just over 90 percent.”
Editor's note · Context
Conrad discusses the rising debt-to-GDP ratio and its implications for economic growth.
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You know, we did have discussions. One of the things on this commission, because of its makeup and the diversity of views on this commission, and the extraordinary difficulty of coming together on Social Security, which we thought was the…
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
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