Historic economic metric

[xenon]

Debt to GDP is at 100%.

First time since WW2

[Mik]

Great! Let's run it up another $3.3T!

Oh, wait....

[jon-nyc]

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.

[xenon]

The government needs to get a second job... or maybe everyone bites the bullet and pays their $750 in taxes...

[xenon]

Correction on the original post. Apparently we’re >105% already.

[jon-nyc]

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.

[Loki]

@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

[Loki]

https://www.brookings.edu/policy2020/votervital/how-worried-should-you-be-about-the-federal-deficit-and-debt/

[Doctor Phibes]

You have got to be fucking kidding. And we're blaming the Democrats for this?

[Copper]

@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?

[Doctor Phibes]

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?