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> The government needs to shrink dramatically Most (but not all) other developed countries have both a larger government and a smaller deficit per capita. A
by bryanlarsen 7mo ago
> The government needs to shrink dramatically
Most (but not all) other developed countries have both a larger government and a smaller deficit per capita. A smaller government is not the only solution.
- pclowes 7mo agoThey are almost all also going bankrupt. Also, those governments may be efficient but the US is not. You do not get a more efficient government by making it larger.
- bryanlarsen 7mo agoThey are almost all more solvent than the US.
- pclowes 7mo agoI would need more data here. The US is highly solvent because of the global dollar as well as being a hegemonic military superpower.
- bryanlarsen 7mo agoThe US is in the process of throwing away both advantages, so you have to judge simply by debt/deficit levels.
- tpm 7mo agoDebt-to-GDP of Germany is around 63%, that is notably less bankrupt than the US at 120% which is approaching Italy (that went from 154% in 2020 to around 135% now).