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Thread: US Debt

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    #11
    Quote Originally Posted by Conor Dary View Post
    For one thing if the National Debt was such a catastrophe why are 10 year Treasury yields so low...today 1.8 %...
    But the US government no longer has the AAA rating (at least not from S&P).

    https://tradingeconomics.com/country-list/rating

    This is a more relevant (and less alarming) graphic.

    https://fred.stlouisfed.org/series/GFDEGDQ188S
    Last edited by TN1965; 11-15-2019 at 05:15 PM.
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    #12
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    That S&P rating is more of a joke than anything else...this is from a few years ago...but still relevant now...

    https://krugman.blogs.nytimes.com/20...p-and-the-usa/
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    #13
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    After WW2 the National Debt compared to GDP was even worse than today....

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    #14
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    Quote Originally Posted by Conor Dary View Post
    After WW2 the National Debt compared to GDP was even worse than today....
    And there was real good reason for that, which is why Ike's policies got us back in balance.

    I'm not overly concerned with the current number (23 trillion), as I am with the slope of the line in the future. We simply can't keep growing it at the rate we are now.
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    #15
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    Quote Originally Posted by Conor Dary View Post
    After WW2 the National Debt compared to GDP was even worse than today....

    yeah, why would you go into debt to avert the risk of losing your country (1943) when you can go into debt to buy good stuff (2013)?
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