U.S. interest payments on its debt are set to exceed defense spending.
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antithesis
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Posted 1:03 am, 05/22/2024
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I suspected, you came up with the debt to GDP ration on your own.
I have no idea what you're trying to say. I've posted this a million times.
It doesn't show the Debt to GDP for Q1 2024, but I have no idea when the CBO usually releases this data. It looks like they announced the Q4 2023 ratio on March 28, though, so we should expect it around the end of June.
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Acumen
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Posted 11:01 pm, 05/21/2024
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Conservatives only care about debt when liberals are in control.
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gmiller
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Posted 10:57 pm, 05/21/2024
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One hundred thousand a second in debt. What is the magic number of debt before no more. Our credit rating has dropped. No foreign countries is taking our debt so we are borrowing from ourselves. Tell me how we are going to be global power when the dollar is losing value. Anti is talking debt to GDP ratio. Democrats been fighting poverty since the 60's and tell us people are going hungry. Who is going to pay the debt back? Maybe Biden will erase it like student loans. Right now, not till the election, there should be a federal freeze on everything and then a one percent cut across the board just this year. But no we have s that think they are Santa Claus in order to get reelected. They have to moral compass to even care about their own children and grandchildren. Not my problem because I will be dead.
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freerangethinker
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Posted 10:04 pm, 05/21/2024
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So you really didn't hear that non sense from a world renowned economist? You just came up with it on your own?
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freerangethinker
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Posted 7:05 am, 05/21/2024
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Continued..... I suspected, you came up with the debt to GDP ration on your own.
Plus a median house price is more like $375,000.
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freerangethinker
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Posted 7:03 am, 05/21/2024
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That's not the ratio. It does show that GDP estimate barely budged in the fort quarter and it follows the Biden administration trend it will be lowered once's again. But it seems to be, as
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antithesis
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Posted 3:30 pm, 05/20/2024
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Anti, I would guess that the reason the ratio hasn't been released is because it is terrible once again.
It has been released...
And you can compare it to the same data for Q1 2019...
But please give us more information on why you are convinced that no other information the government or economists track are important. Why is anything else reported on if the only thing that matters is debt to GDP? Propaganda... headlines... clickbait?
It really just seems to basic to me. Someone buys a house in 1980 for $32,000 but makes $8,000 a year, the house is 4 times their annual income. Compare that to today, someone buys a house for $200,000 but makes $50,000 a year... that's still 4 times their annual income, so the same. But by your logic, it's infinitely worse because the raw number is higher.
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freerangethinker
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Posted 3:14 pm, 05/20/2024
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So just to clear, Anti can no longer use the debt to gdp as a valid argument. Not that anyone believed her anyways. But. Just saying.
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freerangethinker
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Posted 9:33 pm, 05/19/2024
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It must have been something you heard someone say.
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DB Cooper
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Posted 8:46 am, 05/18/2024
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To say a $34 trillion national debt makes no difference seems pretty d*** dumb to me.
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freerangethinker
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Posted 8:04 pm, 05/17/2024
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Anti, I would guess that the reason the ratio hasn't been released is because it is terrible once again. But please give us more information on why you are convinced that no other information the government or economists track are important. Why is anything else reported on if the only thing that matters is debt to GDP?
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Patriot7
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Posted 4:44 pm, 05/17/2024
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If one does not own physical gold, silver, and possibly some bitcoin, one will be very poor, very soon.
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antithesis
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Posted 4:26 pm, 05/17/2024
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Oh god, no!!! Armpit thinks I'm dumb, whatever shall I do to survive this horror?!
Just because you don't understand basic economics doesn't mean that everyone else is wrong...
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RollOn2
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Posted 4:15 pm, 05/17/2024
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God, you're dumb.
Here's why economists are so worried about soaring US debt levels
The mountain of debt is a breeding ground for economic problems, including higher inflation, lower quality of life, and - in the worst-case scenario - a destabilization of the wider financial system, according to Les Rubin, a markets veteran who has called the US debt situation one of the "greatest Ponzi schemes" in the world.
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antithesis
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Posted 4:08 pm, 05/17/2024
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You're ignoring the impact that this had on the GDP, though.
I can't find the Debt to GDP for Q1 2024, but you can see that it peaked at a record 132.96% under Trump and has been going down since Biden took office.
The goal is always 100%, but it's going to take awhile to recover from that 132...
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RollOn2
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Posted 4:02 pm, 05/17/2024
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The spike in the debt comes after a burst of spending by President Biden and Democratic lawmakers. Biden has repeatedly defended the spending by his administration and boasted about cutting the deficit by $1.7 trillion. "I might note parenthetically: In my first two years, I reduced the debt by $1.7 trillion. No president has ever done that," Biden said recently. However, that figure refers to a reduction in the national deficit between fiscal years 2020 and 2022; while the deficit did shrink during that time period, that is largely because emergency measures put into place during the COVID-19 pandemic expired.
https://www.msn.com/en-us/m...r-BB1mzXyR
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antithesis
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Posted 4:02 pm, 05/17/2024
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Social security goes up every year proportionate to inflation...
But that has nothing to do with this, I gave a simple example. The debt makes no difference, all that matters is the Debt to GDP Ratio.
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udfred
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Posted 3:53 pm, 05/17/2024
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My SS didn't go up that much and what little it did go up the democrats took back in insurance.
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antithesis
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Posted 3:51 pm, 05/17/2024
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Irrelevant. All that matters is the Debt to GDP Ratio.
This is like complaining that inflation went up 3%, even though your income went up 5%.
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