Re:Astronomers want public funds for intelligent life search
by melling on Saturday February 15, 2020 @05:17AM
(#22334394)
No I think he does mean trillion dollar deficit.
The US deficit is over $1 trillion a year. The debt is over $23 trillion.
Re:Astronomers want public funds for intelligent life search
by anewhope on Saturday February 15, 2020 @06:05AM
(#22334559)
There’s something fascinating about the previous comment. A knee-jerk rejection of the scale. I immediately suspected that commenter hails from somewhere in Europe. The scale is way different here, and in online communities that is often lost as people talk past each other. I think when solving problems there is benefit in thinking about what happens at several different scales.
Re:Astronomers want public funds for intelligent life search
by RobertoG on Saturday February 15, 2020 @06:11AM
(#22334574)
It was certainly a knee-jerk reaction and totally my fault. I see the concepts of debt and deficit so frequently mixed that it's already in my muscle memory.
Your knee-jerk reaction was half right, by the way: I'm somewhere in Europe where billions and trillions have different meaning.
Note that deficit could be (or not) inflationary, but debt is the accumulate of money already spent in the economy.