Yes, but it’s an absurd number to begin with, so I think some poetic liberty is justified.
To make it slightly more realistic, let’s say the Galactic Development Bank of Betelgeuse offered us that amount as a loan, along with access to their expertise and trading partners, with 1000 years to pay it off.
My actual point is that in the ratio of debt to GDP, perhaps we should use projected future GDP in the denominator, rather than current GDP. This is why a hard upper limit on debt (or even debt-to-GDP ratio) is a dubious idea. It’s all about what the government does with the money.
To make it slightly more realistic, let’s say the Galactic Development Bank of Betelgeuse offered us that amount as a loan, along with access to their expertise and trading partners, with 1000 years to pay it off.
My actual point is that in the ratio of debt to GDP, perhaps we should use projected future GDP in the denominator, rather than current GDP. This is why a hard upper limit on debt (or even debt-to-GDP ratio) is a dubious idea. It’s all about what the government does with the money.