Now look at economic growth rates.
To be clear, I think US spending is too high. But I would take a bit more debt and thriving economic growth vs a bit less debt and zero economic growth every time.
Real GDP growth in 2024 was approximately 2.8%.
The federal budget deficit for fiscal year 2024 totaled around 6.4% of GDP.
It's unsustainable long term.
Re:The Dollar Is Dead
by peterfirefly on Monday August 04, 2025 @05:07AM
(#44783461)
Your last line ruined a good post.
US current debt to GDP is 124%, and Trump’s big beautiful bill is projected to increase the deficit to 7% next year.
America has long benefited from a more dynamic and attractive labor market than Europe, but the current administration is actively trying destroy that advantage by driving out the immigrants that were fueling it.