The Myth of “Money the Government Owes Itself”

In Analysis by Michael Rae

The Debt-to-Income Ratio (or DTI) is a standard way to measure the burden of debt that every citizen and consumer should understand. Investopedia describes the term as “a personal finance measure that compares an individual’s debt payment to his or her overall income. The debt-to-income ratio is one way lenders, including mortgage lenders, measure an individual’s ability to manage monthly payment and repay debts. DTI is calculated by dividing total recurring monthly debt by gross monthly income, and it is expressed as a percentage.”
For governments, the Debt-to-Income ratio is no different, except that here the burden of national debt uses

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