Durante los últimos dos años, Washington ha estado obsesionado con la necesidad de recortar el déficit y poner el ratio deuda/PBI en un sendero "sostenible", a pesar de que los inversores globales se han inclinado masivamente por la deuda gubernamental de Estados Unidos, lo que llevó las tasas de interés a bajas históricas.
The US economy grew rapidly for several years after WWII with a higher debt/GDP ratio, and today’s ratio is lower than in all other major industrial countries (and roughly half that of Greece, analogies to which are absurd and misleading). During the last two years, Washington has been obsessed with the need to cut the deficit and put the debt/GDP ratio on a “sustainable” path, even as global investors have flocked to US government debt, driving interest rates to historic lows.