has market ever been hotter?

[FlyingScot]

Originally Posted by Descant

It's a slow process. If we did not ave the Covid interruption, I think the analysis would be more what was expected when the cuts were implemented. Any further comment would border on political, so , 'nuff said.

I wish you'd look at the numbers you directed the rest of us to check. In 2016, the year before the tax cut, the deficit was 3.1% of GDP. In 2017 we went to 3.4%. In 2018, 3.8%. In 2019, 4.6%. We were expected to be 4.8% before COVID-19 hit. So basically our ratio climb 55% (4.8/3.1) pre COVID-19.

I used annual deficit instead of total debt because it's the current budget that we have responsibility for, but the total debt to GDP numbers show exactly the same thing.