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Politics & Religion / Re: Stratfor: The Rise of US debt amid constraints
« on: April 24, 2024, 08:03:29 AM »
"U.S. federal government debt stands at $35 trillion"
- Seems like just a minute ago we were troubled by debt reaching30 31 32 33 34 Trillion.
Does anybody know how much is too much?
Does anybody know about the law of holes. When you find you're in one, stop digging.
These projections of rising debt to GDP ratios fail to take into account:
a) The ruling party Democrats are proposing more new spending every waking day of every year.
b) What happens to that rising debt to GDP ratio when GDP collapses??
"In FY 2023, the U.S. federal government spent $6.1 trillion. The U.S. federal government spends more than what the Japanese economy, the world's third-largest, produces."
- Sure that sounds like a lot but it's only the half of it. We are a nation of states. Those federal government expenditures are (supposedly) just the ones for things like providing for our common defense. We still have to build roads and run schools. None of your property taxes, sales taxes or state income taxes count in that number that is already higher than the world's third largest economy.
- Seems like just a minute ago we were troubled by debt reaching
Does anybody know how much is too much?
Does anybody know about the law of holes. When you find you're in one, stop digging.
These projections of rising debt to GDP ratios fail to take into account:
a) The ruling party Democrats are proposing more new spending every waking day of every year.
b) What happens to that rising debt to GDP ratio when GDP collapses??
"In FY 2023, the U.S. federal government spent $6.1 trillion. The U.S. federal government spends more than what the Japanese economy, the world's third-largest, produces."
- Sure that sounds like a lot but it's only the half of it. We are a nation of states. Those federal government expenditures are (supposedly) just the ones for things like providing for our common defense. We still have to build roads and run schools. None of your property taxes, sales taxes or state income taxes count in that number that is already higher than the world's third largest economy.