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US debt falls during Biden presidency

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 03 Jan 24 9:36 AM | 19 view(s)
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I know that your press is going to talk about US debt reaching $34t.

But since Trump left office, it has fallen as a percentage of GDP from 133% to 120%.

The absolute figure is of no great importance. It's the sustainabilty of US debt that counts. And apparently your economy is growing faster than the debt. Good news.

http://fred.stlouisfed.org/series/gfdegdq188S


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