After growing for decades, this year the U.S. debt will roughly match its GDP. Throughout history, nations that blithely piled up their obligations have eventually met unhappy ends.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · edit-2 5 days ago

After growing for decades, this year the U.S. debt will roughly match its GDP. Throughout history, nations that blithely piled up their obligations have eventually met unhappy ends.

delirious_owl@discuss.online · edit-2 3 days ago

Spending on investments is good. Free schools always pays back.

The problem isn’t that debt exceeds GDP. The problem is that there’s no funding for schools and too much funding for military and fossil fuel subsidies.

Which candidate at the upcoming debates will be slashing the military budget and making Uni free for all?

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 3 days ago

Right, it’s where the funding is going towards that’s the real issue.

HubertManne@moist.catsweat.com · 4 days ago

Wow. I had not realized it had fallen so much since 2020. Heck I did not even realize we had went below 100% like back with obama. We finally seemed to have gotten back to before those really bad four years.

After growing for decades, this year the U.S. debt will roughly match its GDP. Throughout history, nations that blithely piled up their obligations have eventually met unhappy ends.

After growing for decades, this year the U.S. debt will roughly match its GDP. Throughout history, nations that blithely piled up their obligations have eventually met unhappy ends.

wsj.com