August 2, 2014

McDonnell Says Obama, if Reelected, Would Drive Debt to $25 Trillion in 2017

February 24, 2012
PolitiFact Virginia

Excerpt


Josh Gordon, policy director at the Concord Coalition -- an organization that advocates balanced budgets -- does not put much stock in measuring debt by simple dollars. Gordon said it’s best to look at it in proportion to the country’s Gross Domestic Product -- the total goods and services produced -- because that compares the debt to a nation’s ability to pay.