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You should include other countries for reference. The US has approximately 390x that amount of debt (only 5 times the population) and the average person is econ

by odo1242 2mo ago

You should include other countries for reference. The US has approximately 390x that amount of debt (only 5 times the population) and the average person is economically much worse off than all the European countries you just mentioned. We literally spend more government money per person on healthcare than France does while having less public healthcare, precisely because of the "help the rich" policies causing most of that public money to go to subsidizing insurance companies.

slopinthebag 2mo ago
So the politicians waste money and your conclusion is it’s the private sectors fault??
jimaway123 2mo ago
7x not 390x
- odo1242 2mo ago
  The US public debt is $39 trillion. The figure quoted by the parent comment is $100 billion
  - ivewonyoung 2mo ago
    I believe that's new public debt per annum.
marcusverus 2mo ago
> the average person is economically much worse off than all the European countries you just mentioned. Where on earth did you get this idea? US Households have much higher disposable income (~50% higher than the Western European average) and much lower household debt levels than the average Western European country. See OECD links below. > We literally spend more government money per person on healthcare than France does while having less public healthcare, precisely because of the "help the rich" policies causing most of that public money to go to subsidizing insurance companies. Is this shocking display of government incompetence supposed to be an argument for increased spending, more government involvement, or both? https://www.oecd.org/en/data/indicators/household-debt.html https://www.oecd.org/en/data/indicators/household-debt.html https://www.oecd.org/en/data/indicators/household-financial-assets.html https://www.oecd.org/en/data/indicators/household-financial-... https://www.oecd.org/en/data/indicators/household-savings.html https://www.oecd.org/en/data/indicators/household-savings.ht... https://www.oecd.org/en/data/indicators/household-disposable-income.html https://www.oecd.org/en/data/indicators/household-disposable... (Select 2024 to see US data included)
- danny_codes 2mo ago
  Regulatory capture by business interests seems like something you'd solve via government, ironically.

by odo1242 2mo ago

slopinthebag 2mo ago

So the politicians waste money and your conclusion is it’s the private sectors fault??

jimaway123 2mo ago

7x not 390x

odo1242 2mo ago
The US public debt is $39 trillion. The figure quoted by the parent comment is $100 billion
- ivewonyoung 2mo ago
  I believe that's new public debt per annum.

marcusverus 2mo ago

> the average person is economically much worse off than all the European countries you just mentioned. Where on earth did you get this idea? US Households have much higher disposable income (~50% higher than the Western European average) and much lower household debt levels than the average Western European country. See OECD links below. > We literally spend more government money per person on healthcare than France does while having less public healthcare, precisely because of the "help the rich" policies causing most of that public money to go to subsidizing insurance companies. Is this shocking display of government incompetence supposed to be an argument for increased spending, more government involvement, or both? https://www.oecd.org/en/data/indicators/household-debt.html https://www.oecd.org/en/data/indicators/household-debt.html https://www.oecd.org/en/data/indicators/household-financial-assets.html https://www.oecd.org/en/data/indicators/household-financial-... https://www.oecd.org/en/data/indicators/household-savings.html https://www.oecd.org/en/data/indicators/household-savings.ht... https://www.oecd.org/en/data/indicators/household-disposable-income.html https://www.oecd.org/en/data/indicators/household-disposable... (Select 2024 to see US data included)

danny_codes 2mo ago
Regulatory capture by business interests seems like something you'd solve via government, ironically.