When national debt becomes so large that it exceeds the size of GDP, it becomes psychologically abstract and incomprehensible to the public, making it impossible for citizens to process or respond to debt-related information.
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The National Debt Has Become Background Noise本站添加:
As of last week, federal debt surpassed the size of GDP.
>> Unfortunately, I think you can say anything you want about the debt at any time, and it no longer is like audible to the American public in any way, shape, or form. You can say the debt is too big, they can't hear you. You can say I'm going to fix it, they can't hear you. It's because it feels impossible.
It's like these stories you read in the New York Times of someone who got like four master's degrees in social work and now has $600,000 worth of student debt.
It might as well be infinity because the roar of the sound of that large number is so loud that you just are like, it doesn't contain information.
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