Well, the answer is yes, I do. I'm looking at my letter right here, and one thing I would cite to folks is that according to some estimates, A nation's economic growth slows by roughly 0.017% for every percentage point of debt in excess of 77% of that debt to GDP ratio. that I'm talking about. Of course, I told you that we're around 100%. So we're already experiencing slower economic growth as a result of the size of our national debt. (01:57–02:07)
CLAIM
Asserts that economic growth is negatively impacted by high debt-to-GDP ratios.
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