Quote:
Originally Posted by nomadking
Didn't say it did, but he DOES refer to national debt as a %age of GDP. If GDP goes up, then he is intending to borrow MORE and it will still fulfil his statement. Would people fully understand that?
If the original report had referred to "X deficit", where X distinguishes the meaning and "X" had been left out, then that would have been misleading. The report used the term on its own. Either that was acceptable usage or different term should have been used. Is there a more correct term, consisting of one or two words?
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Where in his speech does he refer to national debt as a percentage of GDP?