jimbocoin on Nostr: Instead of talking about budget deficits in absolute terms, it would be instructive ...
Instead of talking about budget deficits in absolute terms, it would be instructive to frame them in relative terms.
That’s, how much, as a percentage, did/does the debt increase/decrease monthly/yearly etc. That way, we can compare apples to apples.
Today’s $380B and next decade’s $380B are worlds apart. But 10% is 10% year after year after year.
That’s, how much, as a percentage, did/does the debt increase/decrease monthly/yearly etc. That way, we can compare apples to apples.
Today’s $380B and next decade’s $380B are worlds apart. But 10% is 10% year after year after year.