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Given that U.S. federal spending always goes up, and inflation always goes up, wouldn't it be the case that every $1T in debt would be accumulated faster than t
by rayiner 1y ago
Given that U.S. federal spending always goes up, and inflation always goes up, wouldn't it be the case that every $1T in debt would be accumulated faster than the previous $1T? That's generally how exponential growth works: https://farmdocdaily.illinois.edu/wp-content/uploads/2021/12/12202021_fig1.png https://farmdocdaily.illinois.edu/wp-content/uploads/2021/12...
- Starman_Jones 1y ago[dead]
- dehrmann 1y agoNot to mention population growth. The debt per capita or debt to GDP could be improving (it's not) and we still see headlines like this. It's a fun milestone, but context matters.
- missedthecue 1y agoNo, not if tax receipts grew faster than spending was growing. In that case, deficit spending would shrink and the debt would accumulate slower.