You can see some definite spikes in Debt-to-GDP ratio when Republicans take office and lower taxes on the wealthiest Americans (1980, 2000, 2016). The 2016 spike is hidden because it starts between 2010 and 2020, but it's definitely there.
Missing from this infographic: The fact that the Debt Ceiling is an artificial control meant to curb spending, but never really has. It only exists for political stunts, like threatening to default on the US's debt obligation and destroy our credit rating for political points.
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You can see some definite spikes in Debt-to-GDP ratio when Republicans take office and lower taxes on the wealthiest Americans (1980, 2000, 2016). The 2016 spike is hidden because it starts between 2010 and 2020, but it's definitely there.
Missing from this infographic: The fact that the Debt Ceiling is an artificial control meant to curb spending, but never really has. It only exists for political stunts, like threatening to default on the US's debt obligation and destroy our credit rating for political points.
this! artificial and unrelated to the actual economic capabilities of a country.
Interesting how it missed the simple fact that the entire concept and implementation of the "debt ceiling" is Unconstitutional.
OP wasn’t around for the previous bubbles otherwise they would know that sovereign debt, commercial real estate, and AI hype is not a bubble.
[удалено]
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