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Content
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
Everything is not fine?!
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Patrick pfp
Patrick
@patrickjpatten
you have to weigh interest payments vs the size of the country. If you're 100 dollars in debt and make 10k a year, that's a problem. If you're 100 dollars in debt and make 10 TRILLION a year... it's fine.
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0xl0wlevelcr0w pfp
0xl0wlevelcr0w
@l0wlevelcr0w
Then shouldn't it be concerning government revenues last year was only 4.71 trillion?
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Patrick pfp
Patrick
@patrickjpatten
nope
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0xl0wlevelcr0w pfp
0xl0wlevelcr0w
@l0wlevelcr0w
I'll push back and say this doesn't mean much since the government doesn't have full access to its entire GDP of the country to pay back the debt. Only to the tax revenues. Sure the Fed bank can inflate the money supply to make this graph low, but it wont fix the budget discrepancy cause more debt to GDP.
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Patrick pfp
Patrick
@patrickjpatten
i'm not saying the govt has control, i'm just saying looking at Debt by itself is dumb.
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