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For sure. Possibly the magnitude of our debt is an issue too.
by onos 3y ago
For sure. Possibly the magnitude of our debt is an issue too.
- aionaiodfgnio 3y agoWe don't need to speculate. >Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.
- gjsman-1000 3y agoIt doesn't take an economist to take one look at statistics like this (among others) and think, "that doesn't look promising." https://fred.stlouisfed.org/series/A091RC1Q027SBEA https://fred.stlouisfed.org/series/A091RC1Q027SBEA Or, well, a lot of just general statistics around the debt once you consider what they literally mean. https://www.usdebtclock.org https://www.usdebtclock.org
- creato 3y agoApparently you do, because that chart shows inflation more than anything else. The chart you actually want to make your point is this one: https://www.crfb.org/sites/default/files/Screen%20Shot%202021-05-19%20at%2012.57.37%20PM.png https://www.crfb.org/sites/default/files/Screen%20Shot%20202... Which is still not great, but it isn’t an arbitrary exponential with no context.