How is this surprising?
Many years ago under different administration(s) anyone could have asked, based on whatever the then current level of U.S. national debt to GDP, what year did they think the federal government of the U.S.A. might end up at around 120 percent, ending up numerically where Greece was at in 2008 when PIMCO pulled the plug on investments? That is, when people in Greece were starving and jumping off buildings? Granted that is NOT what is happening now in many parts of the USA (though in some parts people are economically disadvantaged, starving, in communities with serious addiction problems, etc).
But my point is we didn't ask this sort of question enough. Four years ago, per Trading Economics said, “Government Debt to GDP in the United States is expected to reach 120.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 125.00 percent in 2021 and 122.00 percent in 2022, according to our econometric models.” But it turned out those figures were too optimistic! We exceeded those figures before then. Look at the money printing machine go!
The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. It's only going up from here, along with the overall M2 and the value of bitcoin.
freethinkingperson /
npub1gw…t4pha
2025-05-17 04:51:42
in reply to nevent1q…kq95
Author Public Key
npub1gw3phl4qrul5mre27zshty0n6m06p6thwugcr3362202e6xqhafsmt4phaPublished at
2025-05-17 04:51:42Event JSON
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"content": "How is this surprising?\n\nMany years ago under different administration(s) anyone could have asked, based on whatever the then current level of U.S. national debt to GDP, what year did they think the federal government of the U.S.A. might end up at around 120 percent, ending up numerically where Greece was at in 2008 when PIMCO pulled the plug on investments? That is, when people in Greece were starving and jumping off buildings? Granted that is NOT what is happening now in many parts of the USA (though in some parts people are economically disadvantaged, starving, in communities with serious addiction problems, etc). \n\nBut my point is we didn't ask this sort of question enough. Four years ago, per Trading Economics said, “Government Debt to GDP in the United States is expected to reach 120.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 125.00 percent in 2021 and 122.00 percent in 2022, according to our econometric models.” But it turned out those figures were too optimistic! We exceeded those figures before then. Look at the money printing machine go! \n\nThe United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. It's only going up from here, along with the overall M2 and the value of bitcoin.",
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