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llampx | 2 years ago

The US's $34 trillion deficit would like a word.

Just take a look at how much debt was added since the debt ceiling was lifted.

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pie420|2 years ago

Just look at how much was wiped away by inflation during covid. Every year 3-4% of the national debt simply disappears due to inflation. When inflation is higher, even more disappears.

popol12|2 years ago

I don't have numbers to oppose, but do yours take in account that the government is paying interests on its debt ?

jezzamon|2 years ago

For context: The US's debt to GDP ratio was 96% in 2023

China's debt to GDP ratio was 288%

sudosysgen|2 years ago

This is often repeated but is actually completely wrong.

China's government debt to GDP is 77%, vs 121% for the US : https://www.imf.org/external/datamapper/GG_DEBT_GDP@GDD/CHN/...

The numbers you posted are the US's federal government debt to GDP and Chinas total overall debt to GDP (including private debts such as mortgages). The two numbers are obviously not comparable at all.

maxglute|2 years ago

That's US gov debt vs PRC gov aggregate debt.

US aggregate debt to GDP is 730%.