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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by HideousKojima on Thursday October 26, 2023 @10:14AM (#38025877)
Because tax revenue is fairly consistent as a percentage of GDP as well, so if deficit as a percentage of GDP exceeds faster than GDP growth then our debts are growing faster than our ability to repay them.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by Sparkle-san on Thursday October 26, 2023 @11:03AM (#38026516)
Tax renevues were down 9% for the 2022 fiscal year which is part of why we saw a larger increase in the deficit. Part of that decrease is due to tax delays related to disaster relief and will come in during the 2023 year so the numbers are skewed.
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