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A comment on The smug style in American liberalism. Parent comment

Re:The smug style in American liberalism by majewsky on Wednesday November 09, 2016 @07:07AM (#12909570)
Only tangentially related, but I'm amazed by the absolute value of the US deficit. The German federal deficit used to be around 10-20 billion € (now down to zero) and everyone was crying over how horribly high it is. (I know that Germany is smaller, but it has at least a fourth of the US population.)
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Re:The smug style in American liberalism by CalChris on Wednesday November 09, 2016 @07:19AM (#12909630)
Post WWII, US deficits grow under Republicans and shrink under Democrats.

http://si.wsj.net/public/resources/images/BN-EX454_wwii10_G_...

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Re:The smug style in American liberalism by gaius on Wednesday November 09, 2016 @09:30AM (#12910513)
It's a lagging indicator.
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Re:The smug style in American liberalism by pessimizer on Wednesday November 09, 2016 @09:55AM (#12910672)
We have run massive trade deficits since Reagan. Those ultimately either have to show up as national debt or personal debt. After 35 years, we're nearly maxing out both. Germany has a trade surplus (basically doing the same thing to the rest of the EU.)

edit:

http://cepr.net/blogs/beat-the-press/national-income-account...

http://www.dw.com/en/italian-pm-renzi-lashes-out-at-german-t...

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