The U.S. borrowed $50B a week for the past five months, the CBO says
- Linkbait headline. Without context, these figures mean nothing.
You can see the debt-to-GDP ratios here:
https://fred.stlouisfed.org/series/GFDEGDQ188S
https://fred.stlouisfed.org/series/GFDGDPA188S
by 7777777phil
0 subcomment
- People focus on the deficit rate but the cumulative debt level drives the interest burden, and that never reverses. Same dynamic as post-pandemic consumer prices: the rate (somewhat)normalized but the level shift remain. I wrote about this around the Stewart / Thaler discussion: https://philippdubach.com/posts/people-live-in-levels-not-ra...
- The correct question is: from whom?
When I was in finance there was a question whether US debt would crowd out other debt instruments. The answer, obviously, is "no." There seems to be an unlimited appetite for zero-risk debt, which makes no sense.
- This must be false. The president wouldn't lie, and if they lied on such a grand scale people wouldnt let them get away with it.
Everyone knows they made 17 trillion dollars from the tariffs.
Thank you for your attention to this matter.
- America is done. Expect the bankruptcy in 2-3 years, and the US becoming a China’s province in 10.
Hacker News