News for hackers. Stuff that matters.

A comment on U.S. on Track to Add $19T in New Debt over 10 Years. Parent comment

Re:U.S. on Track to Add $19T in New Debt over 10 Years by paulpauper on Thursday February 23, 2023 @12:47PM (#34913865)
It is not as bad as the headline would suggest. The economy presumably is growing at the same time that the $19 trillion debt is being added. US GDP has grown a lot since 2012. Debt to GDP the highest since ww2, which seems bad, but the economy still boomed after ww2 anyway, so it's not saying much.
[ Parent | on HN ]
Re:U.S. on Track to Add $19T in New Debt over 10 Years by yCombLinks on Thursday February 23, 2023 @01:19PM (#34914323)
Grown on paper only. I don't think most people's lives are any better than 2012. Stock and house prices have skyrocketed is all.
[ Parent | on HN ]