DumbMike is a Putin apologist, and anti-Westerner. His ways are no longer relevant, so now he hates the West. He belongs in Russia along with the other brainwashed dolts.
Should Russia be split into a few countries?
Often wonder what the debt ratio in most countries is per taxpayer.
Surely the USA must be near if not top of the list.
SB
I am not an apologist for anybody I am just being objective and not a silly Billy idiot believing the Goebbels-like propaganda at present in use, According to the media you believe in the USA is on a crest of prosperity when according to survey about 17 million children are starving in the USA and hundreds of thousands are living on the streets of the cities under control of the Demcratic Party,
Instead billions are spent on the Ukraine War - of which only about 30% of the arms handed to the Ukraine Government reach the frontline troops. Ukraine is one of the most corrupt countries in the World and Biden is the most corrupt President the USA ever had So guess why peace negotiations are not supported by the present US Regime.
By 2030 the US at present rate will be the cause of worldwide economic problems that would make the 1933 depression looks like a Sunday school picnic.
I explained the context for those stats above….including the fact that a quarter of the debt is a bookkeeping entry….one government dept ‘borrowing’ from another.
In simplistic terms Europe has a debt to GDP of 97%, the US is at 107%. Italy individually is at 135% and Japan is at 237%.
So the US could double it’s debt and still be better than Japan. And there are mitigating factors in the case of the US ..it has better borrowing costs than most countries. And much of it’s deficit spending eg wars in Iraq and Afghanistan is voluntary.
In short the deficits are too high for comfort, but highly unlikely demote the US from it’s role as world leader.
Mozart
The fact is the increase of $6 billion a day and the massive debt increase since Biden became President is a danger sign for the future. The deficit can reach S36 trillion by 2024 and 45 trillion by 2030
The problem is that some Democrat advisors think that inflation would make it easier to pay back past years debts - but is that possible? Will inflation not impact on the interest rates payable on all debts as well?
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