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PaperclipPerfector  9d ago (text post)   32765 thread views

Culture War Roundup for the week of March 31, 2025

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The economy was built up with "fake money" from the Dems, so it's not Trump's fault.

Is that not true?

https://www.statista.com/statistics/1083150/total-us-debt-across-all-sectors/

Total -public, corporate, private - debt in 2000 was 28 trillion. Now it's 93 trillion.

Debt is a normal financial instrument that has plenty of legitimate uses. Since 2000 the US economy has almost tripled in size, so an increase in debt is both expected and normal.

The main danger of debt right now is too much US federal debt, which Republicans and Democrats are both roughly equally at fault for not reigning in. Trump is poised to blow out the deficit even harder than ever before.

..people selling each other overpriced services they don't really need counts as GDP too.

Has the real economy tripled in size? I don't think so. US electronics industry is .. pretty much shambles now. Car industry isn't doing that great either, or at least, certainly hasn't tripled. Neither has agriculture.

Everything is worth what it's purchaser is willing to pay for it.

A lot of what we'd see in both GDP and debt numbers is just inflation. But there's also been genuine growth, especially in tech.

Total -public, corporate, private - debt in 2000 was 28 trillion. Now it's 93 trillion.

Numbers not accounted for inflation don't mean much. Why is corporate debt a problem?

Since 2000 the Democrats and Republicans have been in power for the same amount of time.

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