G20 to Consider Cutting Public Debt to Below 90 Percent of GDP

A novel idea to some

(Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed.

Comments

[Sevo]

Right:
..."the Bank of Japan has launched the world's most intense burst of monetary stimulus ever, pledging to inject about $1.4 trillion into the economy in less than two years."
I'm glad they're "considering", since they sure are doing anything about it.

[InlineSkate]

Japan is just doubling down on what they've been doing for decades.

[gaijin]

I find it fascinating that the goal is debt at ONLY 90% of GDP. If that's where they are starting, they'll be as successful as they were in meeting the targets from 2010.

[fabienpiegorsch]

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[fabienpiegorsch]

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[John Galt]

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