Oddbean new post about login | logout US debt is now bigger than the entire US economy In 2012, debt surpassed GDP for the first time. EVER. Ever since then, there’s been no looking back… https://image.nostr.build/ff944be38fe599d08b5e3f5425e56b8fd7c904cbadc43757a03fac73dc975937.jpg
To be fair some of that is debt that some Union agencies owe to other Union agencies But a bunch of the GDP is also government spending & the unfunded liabilities are basically debt that doesn't pay interest until later Net debt held by the public is probably 125%-130% of productive capacity Net liabilities are probably something like 600% of productive capacity
