[petrocrat]

The term ballooning is so qualitative and subjective that it is essentially a Barnum statement. How would you determine if the number for the debt is too high? And why?

And how would you determine if it is too low?

For example would the calculation consider the current population? the current factory capacity? Agricultural capacity? the year? Interest Rates? Tax Revenue? The populations desired rate of saving? The current desires and goals of the nation and its citizens? If there is no exact formula, then would a representative body that debates and agrees on a best estimate number be a reasonable way to decide that? If so isn't that what congress does already?