Americans lament their gov debt, zero thoughts on what the debt actually bought..After the GFC, Europe embarked on an austerity mission, the US went the opposite route - issued debt like there was no tomorrow. But tomorrow came and all the $ that had been created from nothing, turned out to boost real GDP growth, boost real productivity.Your ~130% of debt to GDP bought something real, and i think it is obvious that it was worth it.
Eternal slavery to usury is good because we had 30 years of growth? Cool story you retard.
>>61025585lolcool story
Only possible because of reserve currency status
>>61025618No, this is specifically about government actions and policies.Europe maintained it's strict Maximum X% deficit (can't remember the number but it was criminally low), nothing prevented them from going beyond that limit. You have money countries that have a higher debt to GDP than the US currently do, and they have less inflation and lower interest rate payment.This wasn't a privileged position the US was in, it was a decision made by the people in charge and Europe made another decision - the wrong decision.
>>61025614OP is obviously retarded and doesnt understand the concept of debt
The amount of dollars that are about to be destroyed is going to be epic.
>>61025585>After the GFC, Europe embarked on an austerityNo they didn'tWhy do you leftists lie constantly?
>>61025643But isn't your chart just that? Germanys debt declining in the aftermath of the GFC and the US ballooning.Also there is a ROI on debt, if you borrow $100 to build a bridge, and it boost annual GDP by $20, like that is a solid investment, after 5 years the bridge has been worth it, after 10 year that is growth you otherwise wouldn't have.
>>61025666youre like a ghetto nigger that thinks hes rich because he maxes out his credit cardnothing can help your retardation
The problem is though that wealth inequality has continued straight up during this. It’s great that the markets recovered and that the country is doing well, but your average American doesn’t see a very big slice of that, they have no money to invest and no jobs since the corporations benefiting from this debt offshored them.
What will those numbers look like when they have to pay down the debt?>inb4 they won't You pay for it either directly or through stagflation. Either way your standard of living goes down.
>>61025734According to a PYMNTS.com study from March 2025, 67% of Americans were living paycheck to paycheck. This figure highlights a growing financial struggle, with rising costs, inflation, and static wages being major drivers. This aint people in the ghetto, they dont get paychecks. These are people living in a 500,000 house in suburbia with 30000 in credit card debt wondering how the hell their little lulu wearing ax wound is going to be able to pay for pi delta gamma xome rush next year.Oh and next year the house next door just sold for 400000.
>>61025771I can’t tell if your agreeing or not, but certainly the amount of American who can afford lulu-lemon seems to drop every year
