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I went to search, the us gov has a nice website about the dev. Til. https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://fiscaldata.tr

by guax 2y ago

I went to search, the us gov has a nice website about the dev. Til. https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://fiscaldata.treasury.gov/americas-finance-guide/natio... The debt graph caught my eye. I did not expect it to be that stable for so long. I wonder what happened in 1981, impossible to say.

refurb 2y ago
> I wonder what happened in 1981, impossible to say. Total federal income was flat after the early 80's recession, then grew by 60%+ over the next decade, despite the Reagan tax cuts, increasing $400B. https://fred.stlouisfed.org/series/FYFR https://fred.stlouisfed.org/series/FYFR Federal spending continued to grow. That's what happened.