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They 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 lar
by pclowes 6mo ago
They 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 6mo agoThey are almost all more solvent than the US.
- pclowes 6mo 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 6mo agoThe US is in the process of throwing away both advantages, so you have to judge simply by debt/deficit levels.
- tpm 6mo 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).