US national debt reaches a record $37T, the Treasury Department reports
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Re: US national debt reaches a record $37T, the Treasury Department reports
#2Re: US national debt reaches a record $37T, the Treasury Department reports
#3I'm mildly surprised they were allowed to report this.
Re: US national debt reaches a record $37T, the Treasury Department reports
#4On my reading list: Principles For Navigating Big Debt Crises by Ray Dalio
Re: US national debt reaches a record $37T, the Treasury Department reports
#5Reported. It'll be amended soon after the statisticians get fired and yes-men get put in.
Re: US national debt reaches a record $37T, the Treasury Department reports
#6For the visually-inclined, a graph of debt as a proportion of GDP [0]: https://fred.stlouisfed.org/series/GFDGDPA188S
Of course, this doesn't show projections for what the future debt will become after the Republican's "BBB" package from a few months ago.
[0] Yes, I know GDP is a flawed measure, but as long as its flaws are consistent over the years it is useful for scaling.
Re: US national debt reaches a record $37T, the Treasury Department reports
#7Reported. It'll be amended soon after the statisticians get fired and yes-men get put in.
Current treasury head is Scott Bessent, previously of Soros Fund Management and Key Square Group. He's far too qualified to be part of this administration. Expect him gone soon.
Re: US national debt reaches a record $37T, the Treasury Department reports
#8Just in time for captain genius, leader of the financially responsible party to decide that his primary goal is to make sure corporations and billionaires pay less tax. I’m sure that will go just fine.
Re: US national debt reaches a record $37T, the Treasury Department reports
#9I'm sure there were a lot of naive people who voted for the Republican party for their first time because something from Trump's word salad resonated with them, and they are now finding out what that Party is actually about. Surprise! All that whining about the debt was total kayfabe. Don't say we didn't try to warn you.