adrienne
@adrienne
US National Debt Since 1966 there has been only one year we reduced the debt. What happened in 2000 Debt as % of GDP 1970: 36% 1980: 31% 1990: 52% 2000: 58% 2010: 87% Today: 122%
5 replies
1 recast
13 reactions
m00npapi ???? bro
@anonpapi.eth
If we ever paid the entire debt off the entire economy would shrink to a size of a pea and life as you know it would stop Debt is good
1 reply
0 recast
3 reactions
BrixBountyFarm 🎩
@brixbounty
Beg to cast a shade of grey. Debt may be good; depending on what was built or achieved with the spend. Increased economic capacity through health, infrastructure, human capacity bay very well be good uses of an expansion in debt in a fiat system… Eventually though if debt becomes a service issues challengers arise. Much less so on the national level for the worlds reserve currency. And paying pensions for past productivity…
0 reply
0 recast
2 reactions