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Does it make sense to look at these figures in isolation? Like its psychologically significant but GDP is also growing and so is inflation. It seems like we wou
by thinkingkong 7y ago
Does it make sense to look at these figures in isolation? Like its psychologically significant but GDP is also growing and so is inflation. It seems like we would need to look at at least all of those together to get a better understanding of whats happening.
Is this inherently “bad” ?
- rockinghigh 7y agoThere are multiple ways to look at it. One bad sign is the large increase in the budget deficit at a time of economy expansion (from $585B in 2016 to $980B in 2019). Another aspect is how much of the budget has to be allocated to paying the interest on the debt ($376B in 2019). The CBO listed consequences of high debt in 2014: http://www.crfb.org/blogs/cbo-consequences-growing-national-debt http://www.crfb.org/blogs/cbo-consequences-growing-national-...