Historic economic metric
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wrote on 9 Oct 2020, 03:21 last edited by
Debt to GDP is at 100%.
First time since WW2
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wrote on 9 Oct 2020, 03:22 last edited by
Great! Let's run it up another $3.3T!
Oh, wait....
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wrote on 9 Oct 2020, 03:26 last edited by
The most concerning thing is, unlike after WWII, there’s no consensus to bring it down.
There’s lip service, but neither party prioritizes it or has a realistic plan to act on it.
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wrote on 9 Oct 2020, 03:29 last edited by
The government needs to get a second job... or maybe everyone bites the bullet and pays their $750 in taxes...
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wrote on 9 Oct 2020, 03:31 last edited by
Correction on the original post. Apparently we’re >105% already.
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wrote on 9 Oct 2020, 03:33 last edited by jon-nyc 10 Sept 2020, 03:34
Have we really hit it? Or has the 2021 forecast hit it?
I wasn’t expecting it this year. Even as recently as this summer. After Covid bills.
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wrote on 9 Oct 2020, 03:37 last edited by
@Mik said in Historic economic metric:
Great! Let's run it up another $3.3T!
Oh, wait....
Free healthcare would do that instantly. Biden will already inherit the picture below. You are gonna need a bigger graph if you add in free healthcare.
 https://www.brookings.edu/wp-content/uploads/2020/07/Wessel_chart1_Deficit_GDP.png
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wrote on 9 Oct 2020, 11:10 last edited by Doctor Phibes 10 Sept 2020, 11:33
You have got to be fucking kidding. And we're blaming the Democrats for this?
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You have got to be fucking kidding. And we're blaming the Democrats for this?
wrote on 9 Oct 2020, 16:10 last edited by@Doctor-Phibes said in Historic economic metric:
You have got to be fucking kidding. And we're blaming the Democrats for this?
No, we are blaming the people that shut everything down.
Did the democrats play a role in that?
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wrote on 9 Oct 2020, 16:15 last edited by Doctor Phibes 10 Sept 2020, 16:17
I'd blame the virus for the red dotted line. The rest you can analyse as you see fit, but it was already trending down. Both Bush and Obama had mixed results, too.
Maybe it's actually the American people's fault?