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U.S. National Debt Tops $35T for First Time

13 点作者 lxm10 个月前

7 条评论

uticus10 个月前
American here. Anecdotally citizens would rather not have this be the case, but in my experience several factors nullify action:<p>- The number is so big it is now an imaginary, abstract concept. A trillion cannot be imagined or comprehended, even when explained by dividing into comprehensible numbers. No perceived reality means it doesn’t really exist.<p>- The lack of consequences (certainly immediate, but probably longer-term) means this is an abstract intellectual concept. Abstract-loving types will be intrigued, others will devote brain power to more practical matters throughout the day.<p>- The culture is generally okay with spending exceeding income at every level from household, to locally financed projects, to larger corporations, to the largest budgets of the government. Personally I think household economics should influence and does inform government spending, which is a controversial stance, but regardless if you agree with <i>liking</i> it or not, I hope you’ll agree the culture is generally comfortable with debt.<p>- Generational plans are typically an uphill battle against the needs of the moment. Not specifically an American item perhaps, and I will refrain from commenting on why this is so, but nevertheless another main factor, in my opinion.<p>Pointing out the problems is always easier than fixing them, so I apologize for stopping here without providing my personal utopian solutions.
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EcommerceFlow10 个月前
For those who don&#x27;t know, the majority of debt comes from Social Security and Healthcare, both of which Republicans tried to fix in the past (2004 SS, 2017 Medicare) to make them somewhat viable, and are the only party even somewhat discussing these issues. The 2004 attempt in particular would have made everyone reading this substantially wealthier by allowing us to &quot;invest&quot; our SS, instead of pooling and distributing.<p>People who mention military spending don&#x27;t understand we actually underspend given our GDP. As a percentage of GDP, we rank somewhere in the mid&#x2F;high range of countries (this is the best way to measure, otherwise try comparing Vatican city budget vs Chinese military budget...).<p>Elon said Optimus robots, once fully integrated with the economy, will be a major deflationary factor and would allow for GDP growth to overcome the debt issue. Hopefully we don&#x27;t need to rely on something like that and can actually fix this issue.
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potatoball10 个月前
<a href="https:&#x2F;&#x2F;archive.md&#x2F;ryAec" rel="nofollow">https:&#x2F;&#x2F;archive.md&#x2F;ryAec</a>
baggy_trough10 个月前
Nothing stops this train.
inglor_cz10 个月前
The underlying problem seems to be similar all across the West.<p>Aging societies need more money for social security and healthcare of the elderly than the thinning 18-64 cohort can provide, and you can extract only so much taxes out of the working population before they revolt.<p>Against such massive secular trends, Sweden is as helpless as South Korea or the USA. You could probably expropriate the billionaires once, use the money for several months, then in a year be in the same pickle again.<p>No one can yet really run an economy when kids aren&#x27;t born. A lack of humans is a fundamental shortage.
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jayzalowitz10 个月前
We did it!!!<p>Great work from both sides.<p>Good teamwork.
splwjs10 个月前
Print more money, that&#x27;ll fix it