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A comment on Everyone expected a recession. The Fed and White House found a way out. Parent comment

Re:Everyone expected a recession. The Fed and White House fo... by nojster on Monday December 25, 2023 @02:46AM (#38760647)
Precisely! Once you do that, you realize that public debt on the US has quadrupled since the financial crisis of 2008.

https://fred.stlouisfed.org/series/GFDEBTN/

Meaning that much is simply kicking the can a little further.

With interest payments hitting $1tn this year, it is, in my opinion, unrealistic that this is sustainable.

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Re:Everyone expected a recession. The Fed and White House fo... by jussij on Monday December 25, 2023 @03:00AM (#38760724)
Firstly, while total debt might have quadrupled, in that time the size of the economy has also grown, and that means the debt has become easier to finance. Debt sits at about 130% of GDP, and was about 68% of GDP back in 2008, meaning when measured against the size of the economy it has not yet doubled. Also, by comparison debt to GDP hit 116% in 1946 and managed to return to 31% of GDP in 1974, showing that given the political will, the USA has no trouble paying down its debts.
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Re:Everyone expected a recession. The Fed and White House fo... by fyrn_ on Monday December 25, 2023 @05:13AM (#38761357)
The US economy had a huge boom from 1946 to 1974, powered by amazing demographics and advances in technology that we don't have today. I don't think political will is what made that possible, just good timing.
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