Intergenerational Debt

[alex_trebek]

I just had a thought.  Instead of setting arbitrary limits on government deficit, what about setting the interest on the total debt to X% of federal budget?

[lupinus]

Set national debt at a percentage at the GDP.  This way it's no fixed number, it moves rises and falls generally along with the health of the economy.

Add in some exceptions for true emergencies, like full scale wars and such.

[makattak]

Set national debt at a percentage at the GDP.  This way it's no fixed number, it moves rises and falls generally along with the health of the economy.

Add in some exceptions for true emergencies, like full scale wars and such.

We have a limit on the National Debt. And the treasury secretary just requested that it be raised...