Comments on: The Debt Ceiling Explained (Kind Of) https://composemd.com/2023/01/21/the-debt-ceiling-explained-kind-of/?utm_source=rss&utm_medium=rss&utm_campaign=the-debt-ceiling-explained-kind-of Making the world a little bit smarter. Tue, 24 Jan 2023 17:19:15 +0000 hourly 1 https://wordpress.org/?v=7.1 By: Amol Shrikhande https://composemd.com/2023/01/21/the-debt-ceiling-explained-kind-of/#comment-932 Tue, 24 Jan 2023 17:19:15 +0000 https://composemd.com/?p=4822#comment-932 In reply to Vinay+V+Shrikhande.

Thank you. A breakdown of US government spending would perhaps be a good topic for a future post…

]]> By: Vinay+V+Shrikhande https://composemd.com/2023/01/21/the-debt-ceiling-explained-kind-of/#comment-930 Tue, 24 Jan 2023 16:08:25 +0000 https://composemd.com/?p=4822#comment-930 Excellent article indeed. Wish some of the major causes could be part of the article.

]]> By: Amol Shrikhande https://composemd.com/2023/01/21/the-debt-ceiling-explained-kind-of/#comment-929 Tue, 24 Jan 2023 15:19:56 +0000 https://composemd.com/?p=4822#comment-929 In reply to Sunil Bansal.

Great question. According to this resource, in 2021, the average American debt-to-income ratio was 145%, which as you guessed is higher than the federal government’s debt-to-GDP ratio!

]]> By: Sunil Bansal https://composemd.com/2023/01/21/the-debt-ceiling-explained-kind-of/#comment-928 Tue, 24 Jan 2023 01:01:53 +0000 https://composemd.com/?p=4822#comment-928 Choice d. You gave me something to think about.
Would be interesting to compare the median debt-to-“GDP” ratio for an American household. (Total annual household income in lieu of GDP, with mortgages, credit card debt and car & student loans likely being most prevalent for debt). I would guess the government’s ratio is lower.

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