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Given the reach and power of the US government, you can trivially define most any problem as being due to a lack of or surplus of government involvement.
by DangitBobby 3y ago
Given the reach and power of the US government, you can trivially define most any problem as being due to a lack of or surplus of government involvement.
- unnamed76ri 3y agoGiven that the US gov is over $30 trillion in debt, it is hard to justify saying that there has been a lack of government. There’s been over $30 trillion too much government and they don’t appear to have any plans of slowing down.
- NemoNobody 3y agoThe Debt to GDP ratio hasn't changed much - it peaked at around 132% of GDP in 2021, due to the COVID spending and lower pandemic income. As of Dec 2022 it had dropped to 123% - 9% of the US GDP has been "repaid" in only a year. We are the richest country on earth - our budget is almost incomprehensible. The important thing to realize is that despite how high the debt number is, it's only ever been 132% of our GDP at its highest - roughly 16 months of the US economy. We could easily make it up by adding higher income tiers so ppl that earn $500k p/y are not taxed at the same percentage as ppl that earn $500 million. Trump's first day tax cuts for rich people added a lot to the debt - just look at how much they added to their bank accounts between 2019 and 2022 - trillions of dollars, literally. If there was no government there would only be the billionaires and their corporations - I need look no further than Google to understand how terrible a world that would be.