I hate when people point at US Debt and complain cause the TV told you to complain

[MyJoinDateGlitched]

Never speak of US debt without considering the debt to gdp ratio and in our current point in time, we are continuing a normal cycle... of low debt to gdp... crisis... high debt to gdp ... rinse and repeat

anyways get educated, get informed cause im sick of trump supporters yelling "they took our jerbs!"

notice the great depression then the spike??? look at where we are now... so guess where we will be if things continue just like they always have... we are better off but "da tv tell me dey took our jerbs?!?!"

 

[Rex Kwon Do]

Yeah, and look at how it was comparatively low during the Reagan era.

Reagan era >>> Obama era

Therefore, it's too damn high. QED

 

[MyJoinDateGlitched]

Yeah, and look at how it was comparatively low during the Reagan era.

Reagan era >>> Obama era

Therefore, it's too damn high. QED

you do know the 2011 recession was formed during the bush era and started showing around 2006-2007??

not to mention it had nothing to do with policy at the time but was the absence of regulation that did not ever exist and can be balmed on the financial sector and business practices that government failed to regulate

I wouldnt even blame Bush, and btw Obama AND Bush imo were great presidents.

 

[Winded Walrus]

why does it stop at 2011? Guess they don't want to show where the graph is right now

 

[Jack V Savage]

More than that, I know this is common, but GDP is annual income, while debt is a total supply. To get a real sense of the effects of debt, it's better to scale interest payments by GDP.

Here it is:

Scary.

 

[MyJoinDateGlitched]

why does it stop at 2011? Guess they don't want to show where the graph is right now

it is going up but you have to think about the committments and challenges our country is facing... now imagine GDP doesnt change and debt goes up... then this chart wont fit on the screen

 

[MyJoinDateGlitched]

More than that, I know this is common, but GDP is annual income, while debt is a total supply. To get a real sense of the effects of debt, it's better to scale interest payments by GDP.

Here it is:

Scary.

if you think of it in terms of debt turnover then debt to gdp is also a good number to look at. It gives you a sense of where you are at compared to yesterday. I like this post, it is another good measure but different perspective. (GDP to debt would be like turnover but the inverse you can get same info)

 

[USA!USA!]

You've put a lot of effort in defending your website forum join date lol

 

[MyJoinDateGlitched]

You've put a lot of effort in defending your website forum join date lol

you're goddamn right! Join date is everything and everything is join date. I'd sell my kids to protect my join date.

 

[Jack V Savage]

if you think of it in terms of debt turnover then debt to gdp is also a good number to look at. It gives you a sense of where you are at compared to yesterday. I like this post, it is another good measure but different perspective. (GDP to debt would be like turnover but the inverse you can get same info)

The thing is, we use income not to buy off total debt but to make interest payments. The U.S. would have no reason to want to be debt-free (if the gov't can't find better uses of money than buying its own bonds just to retire the payments, it has much bigger problems). So if we want to know how burdensome payments are, interest/GDP is the way to go.

 

[MadSquabbles500]

you're goddamn right! Join date is everything and everything is join date. I'd sell my kids to protect my join date.

So are you a previous posted who was banned, and now you have a new handle? What did they ban you for?

 

[MadSquabbles500]

The thing is, we use income not to buy off total debt but to make interest payments. The U.S. would have no reason to want to be debt-free (if the gov't can't find better uses of money than buying its own bonds just to retire the payments, it has much bigger problems). So if we want to know how burdensome payments are, interest/GDP is the way to go.

Is most of the total debt basically just loaned into existence by financial institutions, and the GDP is just how much we are paying back at the given time?

 

[Trotsky]

Yeah, and look at how it was comparatively low during the Reagan era.

Reagan era >>> Obama era

Therefore, it's too damn high. QED

I'm sure you're being facetious, but you do see that Reagan reversed the past decades' trends of debt reduction, yes? You should be praising Eisenhower, FDR, Truman, LBJ, Nixon, and JFK if you really think that nominal shit is important.

 

[djacobox372]

A few other "facts" that rarely get mentioned.

-The vast majority of the debt is held by ourselves.
-Trillions are also owed to the US by foreign countries.

Our net foreign debt is only about 3 trillion. The wealth of the nation is around 80 trillion, our GDP is 16 trillion.

If you were to compare it to a person it would be like someone who makes 100k a year and has 480k in the bank owing 18k.

 

[Rod1]

Yeah, and look at how it was comparatively low during the Reagan era.

Reagan era >>> Obama era

Therefore, it's too damn high. QED

Reagan was president from 81 to 89.