July 21, 2024
We are allowing the government to tax and overspend our future into financial ruin.
The US debt crisis is terrible. Currently, every new dollar of US public debt generates just $0.58 of GDP, near the lowest on record. By comparison, in the 1960s this metric was as high as $9.80, and in 2000 it was $4.00, or 7 times above current levels.
Over the last 4 years, US national debt has skyrocketed by $11.6 trillion while US added $6.6 trillion in GDP. In other words, the US economy's productivity has declined near the worst levels in modern history.
What’s the long-term plan here?
Posted by: Timothy Birdnow at
10:56 AM
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Posted by: Mahirakaur at July 21, 2024 11:17 PM (lDGmZ)
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