But the US government no longer has the AAA rating (at least not from S&P).Originally Posted by Conor Dary
https://tradingeconomics.com/country-list/rating
This is a more relevant (and less alarming) graphic.
https://fred.stlouisfed.org/series/GFDEGDQ188S
Thread: US Debt
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11-15-2019 05:10 PMLast edited by TN1965; 11-15-2019 at 05:15 PM.
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11-15-2019 06:28 PMThat 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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11-15-2019 06:34 PMAfter WW2 the National Debt compared to GDP was even worse than today....
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11-15-2019 06:50 PMAnd there was real good reason for that, which is why Ike's policies got us back in balance. Originally Posted by Conor Dary
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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11-15-2019 11:32 PMyeah, 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)? Originally Posted by Conor Dary
After WW2 the National Debt compared to GDP was even worse than today....
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