The proper to look at this is debt to GDP. There is no magic recipe either. We are the world’s reserve currency and market of choice. We must grow. If debt is your thing and you’re talking about cutting spending instead of how to increase gdp growth you are totally clueless.
FYP?? are you referring to the Tictok page? In between the work on your next Tictok shuffle, Tell me your limit on how much monies the government should force out of private hands , What is to much?
Japan has been able to survive a high Debt-GDP (twice that of ours) for many reasons. One, is their strong currency. They keep inflation low and are able to keep interest rates low. This keeps their interest payments lower. Their rating is A+ where as our rating is AA+. Not a huge difference.
Over 100% would probably be overkill. In all seriousness, it all depends on what we're trying to accomplish. There's no fixed number. I personally prefer direct taxes over dishonest money printing to pay debts. I think it adds more certainty to markets.
I wouldn’t look at Japan as the model for fiscal management. The Japanese are unique in their situation. They can’t get inflation to rise because the Japanese are very frugal people and that actually keeps their gdp lower than it would be with healthy inflation levels.
Japan's central bank has been much more reluctant to increase their money supply since their rapid inflation in the 80's. The Fed on the other hand has been printing money like there's no tomorrow with a sharp spike in the last couple of years.
That proves my point. It only doubled from 1990-2017. The percentage increase year to year during this period has been small. Look at how fast it rose before 1990. It more than doubled in the 80's. Actually went up over 10-fold between the 70's and 80's. On the other hand, the United States more than quadrupled from 1990-2017: https://fred.stlouisfed.org/series/M2SL