Earlier quoted context omitted.
GDP is a measure of the size of the economy to allow comparison between different years and different countries. Putting things in fractions of GDP allows the same comparison to be made meaningfully. > Putting it mathematically correct "11 months" sounds much less scary. Yes, and for exactly this reason it's dishonest: It implies that you could, if you wanted, repay the debt in 11 months - which is impossible. Anyway…
> Yes, and for exactly this reason it's dishonest: It implies that you could, if you wanted, repay the debt in 11 months - which is impossible. It does not imply that. It's simply the mathematical truth of the units. I'm arguing that using percent is factually _false_, with as aim scaring people. I prefer truthful facts with explanation. Feel free to use a different thing than debt/GDP, but don't use something that's…
When you put debt as a percentage of GDP, it is understood to mean the "size" of the debt, with the implied "size" of 100% being bad (whether this is true or not, i m not sure).