politics
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Deficit spending has historically worked out well because the US has been able to borrow at a rate lower than inflation, making it actually cheaper to borrow money and pay it off later. The national debt isn't much of a concern unless we tank our credit and reputation.
So it's a huge fucking concern.
My understanding is that our debt burden now equals our GDP with interest payments about 1 trillion dollars annually. Looks like we're headed into a debt spiral with an economy stalling. Not an economist, but it seems like a worst-case scenario.
Thats okay, we're also tariffing the fuck out of everyone and alienating any and every trading partner to the point they are seeking to replace us with alternatives.
Surely that will fix everything.
Yep. Everyone is in the "get out" - phase right now. Tariffs was a weapon for economic war against another country. Trump uses it on allies. Your president and vice president, litterally calling EU blood suckers, and blames us for your horrors. Even though we litterally only bought american tech, infrastructure, militiary equipment, entertainment, etc. To please the united states for keeping us safe. Now you say we gave you Nothing back. This is not a great way of treating trading partners.