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The pertinent fraction is usually public debt (total) to GDP, which stands at 130% and is quite high. Up to 60% is considered a low, healthy level, up to 100% is considered not terrible, 130% is beyond that.

The US can get away with it, for a bunch of reasons, but essentially because it is such a powerful economy and trustworthy counterparty, but it is a high level nonetheless.

For comparison, the "indebted EU"'s fraction is 83% at pixel time. UK, not in the EU anymore, struggling a bit with debt, it around 100%.



The crime was Trump's deficit-fueling tax cuts during boom times. If he had stayed on Obama's track we would have had decent surplusses leaving us more prepared for the covid recession. Most economic theories say to counterbalance recessions by cutting back during boom times and spending more during down times. Biden is bringing us back faster post-pandemic than Obama post '08 financial crisis. Which indicates that the pandemic spending was appropriate, even if it fueled temporary inflation we're now growing way faster than most other economies.




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