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This is true, and yet, deficit is still growing. Welcome the united states of Argentina.
by throw123123123 4y ago
This is true, and yet, deficit is still growing. Welcome the united states of Argentina.
- JumpCrisscross 4y ago> yet, deficit is still growing The deficit always grows in nominal terms because of inflation. Scaled properly [1], the deficit isn't great, but it's improving and far from unprecedented. [1] https://fred.stlouisfed.org/series/FYFSGDA188S https://fred.stlouisfed.org/series/FYFSGDA188S
- PaulDavisThe1st 4y agoKevin Drum has a chart or two for that: https://jabberwocking.com/yes-of-course-big-deficits-are-due-to-tax-cuts/ https://jabberwocking.com/yes-of-course-big-deficits-are-due...
- quickthrower2 4y agoAlmost all money is debt. The system only works this way.