> Debt service costs as a percent of GDP are in fact lower than they were in the 1980's

This is an amazing use of the "in fact" trope, in exactly the same misleading way[1]. I talked about debt, and you casually shifted to servicing costs which presumes that rates stay historically low...when they're actually rapidly rising. Comical.

In the 1980s, the debt to GDP ratio was less than half what it currently is. Rates were higher, making the debt a crisis level then, but maybe you haven't noticed...rates are going up. Indeed, right now the rates were historically low, and anyone with functioning grey matter saw what was coming.

The US has an absolutely solidified, structural deficit -- utterly zero chance of paying down the debt, and a desperate need to constantly be borrowing more -- and an enormous debt. The trajectory of rates say this is crisis levels.

It's actually kind of funny reading your ridiculous comment -- "screaming", "echo chamber", etc -- when you sound completely in denial.

Your argument is basically the guy that used the "0% interest for six months" checks he just got with his 28% credit card, telling everyone that it's free money, so there's no problem if he goes wild. ROFL.

Sounds like it's time for a $1.5T military budget and a $1.3T bribe! Free money!

Sidenote: When asked about the bond market, Trump seriously offered up the "military solution". Utter insanity.

[1] - It's also simply a lie, making this extra funny. The highest historic servicing cost was 3.2% of GDP. It is currently projected at 3.3%, and that presumes rates don't keep spiralling up. So your "in fact" was simple bullshit, even as you tried the narrative shift by changing from debt to servicing costs.

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ajross a day ago | parent | next [-]

Double replying because I missed this accusation:

> It's also simply a lie

I don't know what you're trying to cite but your numbers are wrong per FRED:

https://fred.stlouisfed.org/graph/?g=1YCNz

	▲	llm_nerd a day ago \| parent [-]
		>I don't know what you're trying to cite but your numbers are wrong To be clear, my statement was- "The highest historic servicing cost was 3.2% of GDP. It is currently projected at 3.3%, and that presumes rates don't keep spiralling up." https://fred.stlouisfed.org/series/fyoigda188s That ends at the beginning of 2025, and already it was equalling the historic max (which was during a brutal recession, it should be noted). Since then the debt has added trillions more (about $4T), and the rate due on that debt has kept increasing. Oh, and the debt of the US is increasing quite a clip faster than the US economy is "growing", even with the fantasy numbers from the sharpie presidency. Yeah, jabroni, my statement is 100% confirmed fact. Indeed, it's incredibly optimistic, really, because if rates follow current trends, things are going to get dramatically worse by year end.

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ajross a day ago | parent | prev [-]

You're doubling down with more hyperbole. What's the policy suggestion? What do you propose to cut? Where do you propose to find new revenue? What compromises are you willing to make to other priorities and what stands are you taking on which you won't budge?

Shouting about deficits is, to be blunt, just crack for the incurious mind. It's a party you're throwing for people who agree with you. Refusing to treat with the very real (and despite your hyperbole, very soluble) problems is likewise a trick your brain is using to expand the guest list: you can get almost everyone to sit at a "Deficits Suck" table, it's much harder to populate a "Let's Talk About Entitlement Restructuring and a VAT" forum.

But it's the boring wonks at the forum (the one's you're shouting at!) who are ultimately on the hook for saving you.

	▲	llm_nerd a day ago \| parent [-]
		> What do you propose to cut? Where do you propose to find new revenue? I'm not American, and no one needs to "save me". The country is a fucking idiocracy, and you elected a fascist self-dealing conman pedophile rapist. I pointed out objective, indisputable reality and you responded with some farcical lies and pearl clutching nonsense. But you know, when your country is bankrupt, increasing military spending $600B, paying for endless vanity projects for that disgusting bag of shit to emblazon his shameful name on your country for eternity, or even entertaining the disgusting "bribe the population" farce is just fantasy. Endlessly giving tax cuts and breaks to your kleptocracy/plutocrat class...maybe an incredibly stupid thing to do, no? Nah, something something 1980s nothing we can do hey let's build an arch to celebrate the most catastrophically destructive president in history!