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EU government debt to GDP ratio is 81.8% with a deficit of 2.9%. US current debt to GDP is 124%, and Trump’s big beautiful bill is projected to increase the de
by pavlov 1y ago
EU government debt to GDP ratio is 81.8% with a deficit of 2.9%.
US current debt to GDP is 124%, and Trump’s big beautiful bill is projected to increase the deficit to 7% next year.
America has long benefited from a more dynamic and attractive labor market than Europe, but the current administration is actively trying destroy that advantage by driving out the immigrants that were fueling it.
- nostromo 1y agoNow look at economic growth rates. To be clear, I think US spending is too high. But I would take a bit more debt and thriving economic growth vs a bit less debt and zero economic growth every time.
- lossolo 1y agoReal GDP growth in 2024 was approximately 2.8%. The federal budget deficit for fiscal year 2024 totaled around 6.4% of GDP. It's unsustainable long term.
- peterfirefly 1y agoYour last line ruined a good post.