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A comment on Government to borrow nearly $1 trillion this year 84 percent jump from last year. Parent comment

Re:Government to borrow nearly $1 trillion this year 84 perc... by poof131 on Sunday February 04, 2018 @11:33PM (#16306611)
How do you get 4:1? Wikipedia pegs the GDP to debt ratio at less than one.[1] So the US owes more than 100% of it’s income. Servicing the debt is approaching 7% of federal spending.[2] Are you using numbers other than GDP and National Debt for your ratio?

[1] https://en.wikipedia.org/wiki/National_debt_of_the_United_St...

[2] http://www.pewresearch.org/fact-tank/2017/08/17/5-facts-abou...

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Re:Government to borrow nearly $1 trillion this year 84 perc... by bryondowd on Monday February 05, 2018 @12:02AM (#16306712)
At least for personal loans, debt to income doesn't use your total debt, it uses your monthly payments made on debts against your monthly income. So I assume you would have to compare the yearly payments on the national debt to total federal revenue.
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Re:Government to borrow nearly $1 trillion this year 84 perc... by gok on Monday February 05, 2018 @12:07AM (#16306732)
Think OP is talking about public debt (~$15 trillion) not intergovernmental debt (~$20 trillion). GDP has little to do with federal revenue; the federal government doesn’t tax 100% of all exchanged money. Federal revenue is about $3.6 trillion.
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Re:Government to borrow nearly $1 trillion this year 84 perc... by rayiner on Monday February 05, 2018 @06:25AM (#16308120)
The US government’s revenue is not 100% of GDP. It could never tax anywhere near that.
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Re:Government to borrow nearly $1 trillion this year 84 perc... by daveFNbuck on Monday February 05, 2018 @01:18AM (#16306979)
A 4:1 debt to income ratio means that you owe 400% of your income.
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